Auction (reissue) of (i) ‘GoI Floating Rate Bond 2028′, (ii) 6.54% GS 2032’, and (iii) ‘6.95%GS 2061’

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Ministry of Finance

Auction (reissue) of (i) ‘GoI Floating Rate Bond 2028′, (ii) 6.54% GS 2032’, and (iii) ‘6.95%GS 2061’

Posted on: Jan 24, 2022 6:01 PM by GDP Delhi

The Government of India (GoI) announced the sale (Re-edit) of (i)’GoI Floating Rate Notes, 2028′ for a notified amount of ₹4,000crore (nominal) to price-based auctions using the uniform price method; (ii) ‘6.54% Government Security, 2032‘ for a notified amount of ₹13,000 crore (nominal) to price-based auctions using the uniform price method; and (iii) ‘6.95% Government Security 2061’ for a notified amount of ₹7,000crore (nominal) to price-based auctions using the multiple price method. GoI will have the option to retain an additional subscription up to ₹2,000 crore each against one or more titles. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday i.e. January 28, 2022.

Up to 5% of the notified amount of the securities sale will be allocated to eligible persons and institutions under the non-competitive bidding facility program at the government securities auction.

Competitive and non-competitive bids for the auction must be submitted in electronic format on the Central Banking Solution System of the Reserve Bank of India (E-Kuber) at January 28, 2022. Non-competitive bids must be submitted between 10:30 a.m. and 11:00and competitive bids must be submitted between 10:30 a.m. and 11:30 a.m.

The result of the auction will be announced on January 282022 (Friday) and payment by successful bidders will be made on January 312022 (Monday).

The Securities will be eligible for trading “when issued” in accordance with the guidelines on ‘When transactions have been issued in central government securities’ issued by the Reserve Bank of India see Circular No. RBI/2018-19/25 dated July 24, 2018, as amended from time to time.

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Republic of India Ministry of Finance published this content on January 24, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 24, 2022 12:43:06 UTC.

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