Non-competitive bidding facility expands retail access in government securities auction, reserving a portion for small investors. Re issue auction of 8.24% Government Stock, 2027 will be conducted by RBI Mumbai by uniform price auction for the notified nominal amount; payment on the date of re issue includes accrued interest. Up to 5% of the notified amount is reserved for a non competitive bidding facility permitting eligible investors (generally those without RBI CA/SGL accounts, with exceptions) to submit a single bid via a bank or PD within prescribed minimum and maximum denominations. Allotment to non competitive bidders is at the weighted average yield/price from competitive bidding, with pro rata allocation if oversubscribed and SGL issuance to banks/PDs who must transfer securities to clients and report to RBI.
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Non-competitive bidding facility expands retail access in government securities auction, reserving a portion for small investors.
Re issue auction of 8.24% Government Stock, 2027 will be conducted by RBI Mumbai by uniform price auction for the notified nominal amount; payment on the date of re issue includes accrued interest. Up to 5% of the notified amount is reserved for a non competitive bidding facility permitting eligible investors (generally those without RBI CA/SGL accounts, with exceptions) to submit a single bid via a bank or PD within prescribed minimum and maximum denominations. Allotment to non competitive bidders is at the weighted average yield/price from competitive bidding, with pro rata allocation if oversubscribed and SGL issuance to banks/PDs who must transfer securities to clients and report to RBI.
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