Auction for Sale (Re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘GoI Floating Rate Bond 2033’, (iii) ‘6.64% GS 2035’, and (iv) ‘6.67% GS 2050’

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..... Auction for Sale (Re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘GoI Floating Rate Bond 2033’, (iii) ‘6.64% GS 2035’, and (iv) ‘6.67% GS 2050’
News and Press Release
Dated:- 3-5-2021

The Government of India (GoI) has announced the Sale (Re-issue) of (i) '5.63% Government Security, 2026' for a notified amount of ₹ 11,000 crore (nominal) through price based auction, (ii) 'GoI Floating R .....

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..... ate Bonds, 2033' for a notified amount of ₹ 4,000 crore (nominal) through price based auction, (iii) '6.64% Government Security, 2035' for a notified amount of ₹ 10,000 crore (nominal) through price based auction,, and (iv) '6.67% Government Security, 2050' for a notified amount of ₹ 7,000 crore (nominal) through price based auction. GoI will have the option to retain additional .....

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..... subscription up to Rs 8,000 crore against the above Security/Securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 07, 2021 (Friday) using multiple price method. Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the A .....

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..... uction 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 May 07, 2021. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auct .....

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..... ions will be announced on May 07, 2021 (Friday) and payment by successful bidders will be on May 10, 2021 (Monday). The Securities will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.
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..... - Press release - PIB .....

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