Auction for Sale (re-issue) of (i) ‘7.06% GS 2028’, (ii) ‘7.18% GS 2033’, and (iii) ‘7.30% GS 2053’

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..... Auction for Sale (re-issue) of (i) ‘7.06% GS 2028’, (ii) ‘7.18% GS 2033’, and (iii) ‘7.30% GS 2053’
News and Press Release
Dated:- 29-9-2023

The Government of India (GoI) has announced the sale (re-issue) of (i) "7.06% Government Security 2028" for a notified amount of ₹7,000 crore (nominal) through price based auction using uniform price method, (ii) "7.18% Government Security .....

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..... 2033" for a notified amount of ₹13,000 crore (nominal) through price based auction using uniform price method and (iii) "7.30% Government Security 2053" for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The aucti .....

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..... ons will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 06, 2023 (Friday). 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 competitive and non-competitive bids for the auction should be subm .....

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..... itted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 06, 2023. The non-competitive bids should be submitted between 12:30 p.m. and 01:00 p.m. and the competitive bids should be submitted between 12:30 p.m. and 01:30 p.m. The result of the auctions will be announced on October 06, 2023 (Friday) and payment by successful bidders will be on Octobe .....

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..... r 09, 2023 (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.
News - Press release - PIB .....

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