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.

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NB/KMN

Auction for re-issue of government securities using multiple-price method with non-competitive allotment and RBI e-bid windows. Re-issue auction of four Government securities will be conducted by the Reserve Bank of India via a price-based multiple-price auction, with the Government able to retain additional subscriptions up to Rs.2,000 crore per security; up to 5% of each notified amount is reserved for non-competitive bids. Bids must be submitted electronically on the RBI E-Kuber system within specified time windows, and securities are eligible for When Issued trading under RBI guidelines.