New Delhi: The Government of India (GoI) announced the sale (Re-edit) of (i) “GoI Floating Rate Bonds, 2028” for a notified amount of ₹ 4,000 crore (nominal) through bid based on price using the uniform price method; (ii) ‘6.10% Government security, 2031‘for a notified amount of ₹ 13,000 crore (nominal) through bid based on price using the uniform price method and (iii) ‘6.76% Government security 2061’ for a notified amount of ₹ 7,000 crore (nominal) through bid based on price using the multiple price method. GoI will be able to keep an additional subscription up to 2,000 crore each for one or more titles. The auctions will be conducted by Reserve Bank of India, Mumbai office, Fort, Mumbai on Friday that is to say 29 october, 2021.
Up to 5% of the notified amount of the sale of the Notes will be allocated to individuals and eligible institutions in accordance with the Non-Competitive Bidding System in the context of the State Securities Auction.
Competitive and non-competitive bids for auction must be submitted electronically on Reserve Bank of India (E-Kuber) Core Banking Solution System on 29 october, 2021. Non-competitive offers must be submitted between 10:30 and 11:00 and competitive offers must be submitted between 10:30 and 11:30
The auction results will be announced on 29 october, 2021 (Friday) and payment by successful bidders will be made on November 01, 2021 (Monday).
The securities will be eligible to trade “when issued” in accordance with the guidelines on ‘At the time of issuance of transactions in central government securities’ published by the Reserve Bank of India in Circular No.RBI / 2018-19 / 25 dated July 24, 2018, as amended from time to time.