Auction for Sale (Re-issue) of ‘4.48% GS 2023’, ‘GoI Floating Rate Bond 2033’, ‘6.22% GS 2035’, and ‘6.67% GS 2050’

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....uction for Sale (Re-issue) of ‘4.48% GS 2023’, ‘GoI Floating Rate Bond 2033’, ‘6.22% GS 2035’, and ‘6.67% GS 2050’ <br>News and Press Release<br>Dated:- 29-12-2020<br><BR>The Government of India (GoI) has announced the Sale (Re-issue) of (i) '4.48% Government Security, 2023' for a notified amount of &#8377; 6,000 crore (nominal) through pricebased auction, (ii) 'GoI Floating Rate B....

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....onds, 2033' for a notified amount of &#8377; 2,000 crore (nominal) through price based auction, (iii) '6.22% Government Security, 2035' for a notified amount of &#8377; 9,000 crore (nominal) through price based auction, and (iv) '6.67% Government Security, 2050' for a notified amount of &#8377; 5,000 crore (nominal) through pricebased auction. GoI will have the option to retain additional subscrip....

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....tion up to &#8377; 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 01, 2021 (Friday) using multiple price method. 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 A....

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....uction 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 January 01, 2021. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between10.30 a.m. and 11.30 a.m. The result of the au....

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....ctions will be announced on January 01, 2021 (Friday) and payment by successful bidders will be on January 04, 2021 (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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....<BR> News - Press release - PIB....