Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Auction for Sale (issue/re-issue) of (i) 7.32% GS 2030’, (ii) ‘7.18% GS 2037’, (iii) ‘7.25% GS 2063’, and (iv) ‘New GOI SGrB 2033’

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) 7.32% GS 2030’, (ii) ‘7.18% GS 2037’, (iii) ‘7.25% GS 2063’, and (iv) ‘New GOI SGrB 2033’ <br>News and Press Release<br>Dated:- 5-12-2023<br><BR>The Government of India (GoI) has announced the sale (issue/re-issue) of (i) "7.32% Government Security 2030" for a notified amount of &#8377;12,000 crore (nominal) through price based auction using un....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....iform price method, (ii) "7.18% Government Security 2037" for a notified amount of &#8377;10,000 crore (nominal) through price based auction using uniform price method and (iii) "7.25% Government Security 2063" for a notified amount of &#8377;12,000 crore (nominal) through price based auction using multiple price method and (iv) "New GOI SGrB 2033" for a notified amount of &#8377;5,000 crore (nomi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nal) through yield based auction using uniform price method. GoI will have the option to retain additional subscription up to &#8377;2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 08, 2023 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible indi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....viduals 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 December 08, 2023. The non-competitive bids should be submitted between 12:30 p.m. and 01:00 p.m. and the comp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....etitive bids should be submitted between 12:30 p.m. and 01:30 p.m. The result of the auctions will be announced on December 08, 2023 (Friday) and payment by successful bidders will be on December 11, 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.<BR> News - Press release - PIB....