TaxTMI 
TaxTMI 
Auction for Sale (issue/re-issue) of (i) ‘6.69% GS 2024’, (ii) ‘7.10% GS 2029’, (iii) ‘New GS 2032’ (iv) ‘6.95% GS 2061’
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....uction for Sale (issue/re-issue) of (i) ‘6.69% GS 2024’, (ii) ‘7.10% GS 2029’, (iii) ‘New GS 2032’ (iv) ‘6.95% GS 2061’ <br>News and Press Release<br>Dated:- 13-8-2022<br><BR>The Government of India (GoI) has announced the sale (issue/re-issue) of (i) "6.69% Government Security 2024" for a notified amount of ₹4,000 Crore (nominal) through price based auction using uniform pri....
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....ce method, (ii) "7.10% Government Security 2029" for a notified amount of ₹7,000 Crore (nominal) through price based auction using uniform price method, (iii) "New Government Security 2032" for a notified amount of ₹13,000 Crore (nominal) through yield based auction using uniform price method and (iv) "6.95% Government Security 2061" for a notified amount of ₹9,000 Crore (nominal....
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....) 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 auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on August 19, 2022 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individu....
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....als 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 August 19, 2022. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competit....
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....ive bids should be submitted between 10.30 a.m. and 11.30 am. The result of the auctions will be announced on August 19, 2022 (Friday) and payment by successful bidders will be on August 22, 2022 (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 v....
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....ide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.<BR> News - Press release - PIB....