The Government of India (GoI) has announced the sale (re-issue) of (i) “6.79% Government Security 2031” for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method, (ii) “6.98% GOI SGrB 2054” for a notified amount of ₹5,000 crore (nominal) through price based auction using multiple price method and (iii) “7.09% Government Security 2074” for a notified amount of ₹14,000 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 auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on April 17, 2025 (Thursday).

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 should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber system) on April 17, 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 April 17, 2025 (Thursday) and payment by successful bidders will be on April 21, 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.

Government securities auction: re-issue via price-based multiple-price method with competitive and non-competitive bidding. Re-issue auctions for three central government securities will be conducted via a price-based multiple-price auction with an option for the government to retain additional subscriptions. Up to 5% of each notified amount is reserved for the Non-Competitive Bidding Facility. Bids must be submitted electronically on the core banking auction platform: non-competitive bids during an initial window and competitive bids during a longer window on the auction day. Results will be announced the same day and payment will follow on the stated settlement date. Securities are eligible for when issued trading under existing guidelines.