The Government of India (GoI) has announced the sale (re-issue) of (i) “6.01% Government Security 2030” for a notified amount of ₹18,000 crore (nominal) through price based auction using multiple price method and (ii) “7.09% Government Security 2074” for a notified amount of ₹12,000 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 auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 21, 2025 (Friday).

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 November 21, 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 auction will be announced on November 21, 2025 (Friday) and payment by successful bidders will be on November 24, 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 of India re-issues two government securities by multiple-price auction with non-competitive allotment and When Issued trading. Re-issue auctions of 6.01% Government Security 2030 (Rs.18,000 crore notified) and 7.09% Government Security 2074 (Rs.12,000 crore notified) will be conducted by the RBI (Mumbai) on November 21, 2025 using a price-based multiple price method; GoI may retain up to Rs.2,000 crore extra per security. Up to 5% of each issue is reserved for eligible non-competitive bidders. Bids must be submitted electronically via E-Kuber (non-competitive 10:30-11:00 a.m.; competitive 10:30-11:30 a.m.). Payment is due November 24, 2025, and the securities qualify for When Issued trading under RBI guidelines.