Auction for Sale (issue/re-issue) of (i) ‘7.37% GS 2028’, (ii) ‘7.18% GS 2033’, and (iii) ‘New GS 2073’

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uction for Sale (issue/re-issue) of (i) ‘7.37% GS 2028’, (ii) ‘7.18% GS 2033’, and (iii) ‘New GS 2073’ <br>News and Press Release<br>Dated:- 31-10-2023<br><BR>The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) "7.37% Government Security 2028" for a notified amount of &#8377;7,000 crore (nominal) through price based auction using uniform price method, (ii) "7.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....18% Government Security 2033" for a notified amount of &#8377;13,000 crore (nominal) through price based auction using uniform price method and (iii) "New Government Security 2073" for a notified amount of &#8377;10,000 crore (nominal) through yield based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security menti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 03, 2023 (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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 03, 2023. 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 auctions will be announced on November 03, 2023 (Friday) and payment by successful b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....idders will be on November 06, 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 India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.<BR> News - Press release - PIB....