TaxTMI 
TaxTMI 
Auction for Sale (issue/re-issue) of (i) ‘6.79 % Government Security 2034’ and (ii) ‘New Government Security 2074’
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....uction for Sale (issue/re-issue) of (i) ‘6.79 % Government Security 2034’ and (ii) ‘New Government Security 2074’ <br>News and Press Release<br>Dated:- 18-11-2024<br><BR>The Government of India (GoI) has announced the sale (issue/re-issue) of (i) "6.79% Government Security 2034" for a notified amount of ₹22,000 crore (nominal) through price based auction using multiple price method a....
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....nd (ii) "New Government Security 2074" for a notified amount of ₹10,000 crore (nominal) through yield 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 November 22, 2024 (Friday). to 5....
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....% 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 auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 22, 2024. T....
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....he 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 22, 2024 (Friday) and payment by successful bidders will be on November 25, 2024 (Monday). The Securities will be eligible for "When Issued" trading in accordance with the guidelines o....
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....n '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. **** NB/KMN<BR> News - Press release - PIB....