Auction for Sale (re-issue) of (i) ‘7.32% GS 2030’ and (ii) ‘7.30% GS 2053’

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Auction for Sale (re-issue) of (i) ‘7.32% GS 2030’ and (ii) ‘7.30% GS 2053’ - News and Press Release Dated:- 7-5-2024 - News - Auction for Sale (re-issue) of (i) ‘7.32% GS 2030’ and (ii) ‘7.30% GS 2053’ - - - Dated:- 7-5-2024 - The Government of India (GoI) has announced the sale (re-issue) of (i) 7.32% Government Security 2030 for a notified amount of Rs. 11,000 crore (nominal) through price bas .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed auction using multiple price method and (ii) 7.30% Government Security 2053 for a notified amount of Rs. 9,000 crore (nominal) through price based auction using multiple pricemethod . 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 Office, Fort, Mumbai on M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ay 10, 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 Banking Solution (E-Kuber) sy .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stem on May 10, 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 May 10, 2024 (Friday) and payment by successful bidders will be on May 13, 2024 (Monday). The Securities will be eligible for When Issued trading in accordance with the gu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... idelines 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X