The Government of India has announced the Sale (Re-issue) of (i) ‘6.18 per cent  Government Stock, 2024’ for a notified amount of ₹ 4,000 crore (nominal) through price based auction, (ii) ‘GoI Floating Rate Bonds,  2031’ for a notified amount of ₹ 6,000 crore (nominal) through price based auction, (iii) ‘7.69 per cent  Government Stock, 2043’  for a notified amount of  ₹ 2,000 crore (nominal) through price based auction, and (iv) ‘7.72 per cent  Government Stock, 2049’  for a notified amount of  ₹ 4,000 crore (nominal) through price based auction. Subject to the limit of Rs 16,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 27, 2019 (Friday).

Up to 5% of the notified amount of the sale of the stocks 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-Kuber) system on December 27, 2019. The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and
12.30 p.m.  

The result of the auctions will be announced on December 27, 2019 (Friday) and payment by successful bidders will be on December 30, 2019 (Monday).

The Stocks 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.

Auction of government securities using multiple price method with non competitive bidding facility and electronic bid submission. Announcement of re issue auctions for multiple Central Government securities conducted by the Reserve Bank of India using the multiple price method, with both competitive and non competitive bidding available; a portion of each notified amount is reserved for eligible individuals and institutions under the non competitive scheme. Bids must be submitted electronically via the RBI Core Banking Solution (E Kuber) within prescribed time windows; the announcement specifies the option to accept additional subscriptions within an overall cap. The securities are eligible for 'When Issued' trading under existing RBI guidelines.