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TMI BlogAuction for Sale (Issue/re-issue) of (i) ‘6.10% GS 2031’ (ii) ‘GoI Floating Rate Bond 2034’, and (iii) ‘New GS 2061’X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Issue/re-issue) of (i) ‘6.10% GS 2031’ (ii) ‘GoI Floating Rate Bond 2034’, and (iii) ‘New GS 2061’ - News and Press Release Dated:- 13-11-2021 - News - The Government of India (GoI) has announced the Sale ( Issue/re-issue ) of (i) 6.10% Government Security, 2031 for a notified amount of ₹ 13,000 crore (nominal) through price based auction using uniform price metho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d; (ii) GoI Floating Rate Bonds, 2034 for a notified amount of ₹ 4,000 crore (nominal) through price based auction using uniform price method; and (iii) New Government Security 2061 for a notified amount of ₹ 7,000 crore (nominal) through yield based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... each against one or more security/ies. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Thursday i.e. November 18 , 2021. 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 Auction of Government Securities. Both c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompetitive 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 November 18 , 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 auctions will be announ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ced on November 18 , 2021 (Thursday) and payment by successful bidders will be on November 22 , 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. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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