Auction for Sale (issue) of (i) ‘NEW GOI SGrB 2028’, (ii) ‘NEW GOI SGrB 2033’

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..... Auction for Sale (issue) of (i) ‘NEW GOI SGrB 2028’, (ii) ‘NEW GOI SGrB 2033’ - News and Press Release Dated:- 19-1-2023 - News - The Government of India (GoI) has announced the sale (issue) of (i) NEW GOI SGrB 2028 for a notified amount of ₹4,000 Crore (nominal) through yield based auction using uniform price method and (ii) NEW GOI SGrB 2033 for a notified amount of ₹4,0 .....

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..... 00 Crore (nominal) through yield based auction using uniform price method. GoI will have the option to retain additional subscription up to ₹2,000 Crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 25, 2023 (Wednesday) . Up to 5% of the notified amount of the sale of the securities will be allo .....

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..... tted to eligible individuals 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 January 25, 2023 . The non-competitive bids should be submitted between 10.30 a.m. a .....

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..... nd 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 announced on January 25, 2023 (Wednesday) and payment by successful bidders will be on January 27, 2023 (Friday). The Securities will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Secur .....

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..... ities issued by 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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