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) “6.95% 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 either December 03, 2021.
Up to 5% of the notified amount of the sale of Securities will be allocated to natural persons and eligible institutions in accordance with the Non-competitive tendering system within the framework 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 December 03, 2021. Non-competitive offers must be submitted between 10:30 and 11:00and competitive offers must be submitted between 10:30 and 11:30
The auction results will be announced on December 03, 2021 (Friday) and payment by successful bidders will be made on 06 December 2021 (Monday).
The Notes will be eligible for trading “On issue” 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.