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Auction for Sale (Re-issue) of ‘4.48% GS 2023’, Auction for Sale (Re-Issue) of ‘GoI Floating Rate Bond 2033’, Auction for Sale (Re-issue) of ‘6.22% GS 2035’, and Auction for Sale (Re-issue)of ‘6.67% GS 2050’

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..... Auction for Sale (Re-issue) of ‘4.48% GS 2023’, Auction for Sale (Re-Issue) of ‘GoI Floating Rate Bond 2033’, Auction for Sale (Re-issue) of ‘6.22% GS 2035’, and Auction for Sale (Re-issue)of ‘6.67% GS 2050’ - News and Press Release Dated:- 27-11-2020 - News - Government of India (GoI) has announced the Sale (Re-issue) of (i) 4.48% Government Security, 2023 for a notified amount of Rs 6,000 .....

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..... crore (nominal) through pricebased auction , (ii) GoI Floating Rate Bonds, 2033 for a notified amount of Rs 2,000 crore (nominal) through price based auction, (iii) 6.22% Government Security, 2035 for a notified amount of Rs 9,000 crore (nominal) through price based auction , and (iv) 6.67% Government Security, 2050 for a notified amount of Rs 5,000 crore (nominal) through .....

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..... pricebased auction . GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 04 , 2020 (Friday) using multiple price method . Up to 5% of the notified amount of the sale of the securitieswill be allotted to eligible individu .....

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..... als and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on December 04, 2020 . The non-competitive bids should be submitted between 12.00 Noon and 12.30 p.m. and the .....

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..... competitive bids should be submitted between 12.00 Noon and 01.00 p.m. The result of the auctions will be announced on December 04, 2020 (Friday) and payment by successful bidders will be on December 07, 2020 (Monday) . The Securities will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securities issued b .....

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..... y the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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