Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’

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..... Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’ - News and Press Release Dated:- 15-4-2024 - News - Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’ - - - Dated:- 15-4-2024 - The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 7.37% Government Security 2028 for a notified amount of Rs. 12,000 crore (nominal .....

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..... ) through price based auction using multiple price method , and (ii) New Government Security 2064 for a notified amount of Rs. 12,000 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 against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Offi .....

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..... ce, Fort, Mumbai on April 19, 2024 (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 Reserve Bank of India Core Bankin .....

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..... g Solution (E-Kuber) system on April 19, 2024 . 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 announced on April 19, 2024 (Friday) and payment by successful bidders will be on April 22, 2024 (Monday). The Securities will be eligible for When Issued trad .....

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

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