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Auction for Sale (issue/re-issue) of (i) 7.32% GS 2030’, (ii) ‘7.18% GS 2037’, (iii) ‘7.25% GS 2063’, and (iv) ‘New GOI SGrB 2033’

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..... Auction for Sale (issue/re-issue) of (i) 7.32% GS 2030’, (ii) ‘7.18% GS 2037’, (iii) ‘7.25% GS 2063’, and (iv) ‘New GOI SGrB 2033’ - News and Press Release Dated:- 5-12-2023 - News - Auction for Sale (issue/re-issue) of (i) 7.32% GS 2030’, (ii) ‘7.18% GS 2037’, (iii) ‘7.25% GS 2063’, and (iv) ‘New GOI SGrB 2033’ - - - Dated:- 5-12-2023 - The Government of India (GoI) has announced the sale (issu .....

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..... e/re-issue) of (i) 7.32% Government Security 2030 for a notified amount of ₹12,000 crore (nominal) through price based auction using uniform price method, (ii) 7.18% Government Security 2037 for a notified amount of ₹10,000 crore (nominal) through price based auction using uniform price method and (iii) 7.25% Government Security 2063 for a notified amount of ₹ .....

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..... ;12,000 crore (nominal) through price based auction using multiple price method and (iv) New GOI SGrB 2033 for a notified amount of ₹5,000 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 Ban .....

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..... k of India, Mumbai Office, Fort, Mumbai on December 08, 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 submitted in electronic format on the Res .....

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..... erve Bank of India Core Banking Solution (E-Kuber) system on December 08, 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 December 08, 2023 (Friday) and payment by successful bidders will be on December 11, 2023 (Monday). .....

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..... 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 Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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