TaxTMI 
TaxTMI 
Auction for Sale (issue/re-issue) of (i) ‘New GS 2025’, (ii) ‘7.10% GS 2029’, (iii) ‘7.41% GS 2036’, (iv) ‘7.40% GS 2062’
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....uction for Sale (issue/re-issue) of (i) ‘New GS 2025’, (ii) ‘7.10% GS 2029’, (iii) ‘7.41% GS 2036’, (iv) ‘7.40% GS 2062’ <br>News and Press Release<br>Dated:- 10-1-2023<br><BR>The Government of India (GoI) has announced the sale (issue/re-issue) of (i) "New Government Security 2025" for a notified amount of ₹4,000 Crore (nominal) through yield based auction using uniform pric....
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....e method, (ii) "7.10% Government Security 2029" for a notified amount of ₹6,000 Crore (nominal) through price based auction using uniform price method, (iii) "7.41% Government Security 2036" for a notified amount of ₹11,000 Crore (nominal) through price based auction using uniform price method and (iv) "7.40% Government Security 2062" for a notified amount of ₹9,000 Crore (nomina....
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....l) 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 January 13, 2023 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible indivi....
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....duals 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 January 13, 2023. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the compe....
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....titive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auctions will be announced on January 13, 2023 (Friday) and payment by successful bidders will be on January 16, 2023 (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 I....
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....ndia vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.<BR> News - Press release - PIB....