The Government of India (GoI) has announced the sale (re-issue) of (i) “5.91% Government Security 2028” for a notified amount of ₹9,000 crore (nominal) through price based auction using multiple price method, (ii) “6.28% Government Security 2032” for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method, (iii) “7.24% Government Security 2055” for a notified amount of ₹7,000 crore (nominal) through price based auction using multiple price method and (iv) “6.98% GOI SGrB 2054” for a notified amount of ₹5,000 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 28, 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 28, 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 28, 2025 (Friday) and payment by successful bidders will be on December 01, 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.

****

NB/KMN

Government securities re-issue auction for four papers via price-based multiple-price method with non-competitive quota. The Government announced re-issue auctions on November 28, 2025 for four securities-5.91% GS 2028 (Rs.9,000 crore), 6.28% GS 2032 (Rs.11,000 crore), 7.24% GS 2055 (Rs.7,000 crore) and 6.98% GOI SGrB 2054 (Rs.5,000 crore)-conducted by the Reserve Bank of India using a price-based auction under the multiple-price method, with the Government able to retain up to Rs.2,000 crore additional per security and results announced the same day with payment on December 1, 2025.