Auction for Sale (re-issue) of (i) ‘6.79% GS 2031’ (ii) ‘6.92% GS 2039’ and (iii) ‘7.09% GS 2054’

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) ‘6.79% GS 2031’ (ii) ‘6.92% GS 2039’ and (iii) ‘7.09% GS 2054’
News and Press Release
Dated:- 25-2-2025

The Government of India (GoI) has announced the sale (re-issue) of (i) "6.79% Government Security 2031" for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method, (ii) "6.92% Government Security .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2039" for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method and (iii) "7.09% Government Security 2054" 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 ₹2,000 crore against each security mentioned above. The a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 28, 2025 (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 sho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uld be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 28, 2025. 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 February 28, 2025 (Friday) and payment by successful bidder .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s will be on March 03, 2025 (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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X