Auction for Sale (re-issue) of (i) ‘7.10% GS 2034’ and (ii) ‘7.34% GS 2064’

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..... Auction for Sale (re-issue) of (i) ‘7.10% GS 2034’ and (ii) ‘7.34% GS 2064’ - News and Press Release Dated:- 26-6-2024 - News - Auction for Sale (re-issue) of (i) ‘7.10% GS 2034’ and (ii) ‘7.34% GS 2064’ - - - Dated:- 26-6-2024 - Government of India (GoI) has announced the sale (re-issue) of (i) 7.10% Government Security 2034 for a notified amount of ₹20,000 crore (nominal) through price ba .....

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..... sed auction using multiple price method and (ii) 7.34% Government Security 2064 for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple 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, Mu .....

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..... mbai on June 28, 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 .....

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..... -Kuber) system on June 28, 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 June 28, 2024 (Friday) and payment by successful bidders will be on July 01, 2024 (Monday). The Securities will be eligible for When Issued trading in accordanc .....

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..... e 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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