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Auction for Sale (re-issue) of (i) ‘6.75% GS 2029’ (ii) ‘6.98% GOI SGrB 2054’ and (iii) ‘7.34% GS 2064’

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....uction for Sale (re-issue) of (i) ‘6.75% GS 2029’ (ii) ‘6.98% GOI SGrB 2054’ and (iii) ‘7.34% GS 2064’<BR>News and Press Release<BR>Dated:- 17-2-2025<BR><BR>The Government of India (GoI) has announced the sale (re-issue) of (i)&nbsp;"6.75% Government Security 2029"&nbsp;for a notified amount of&nbsp;&#8377;14,000 crore&nbsp;(nominal) through price based auction using&nbsp;multiple&nbsp....

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....;price method,&nbsp;(ii)&nbsp;"6.98% GOI SGrB 2054"&nbsp;for a notified amount of&nbsp;&#8377;5,000 crore&nbsp;(nominal) through price based auction using&nbsp;multiple&nbsp;price method&nbsp;and (iii)&nbsp;"7.34% Government Security 2064"&nbsp;for a notified amount of&nbsp;&#8377;15,000 crore&nbsp;(nominal) through price based auction using&nbsp;multiple&nbsp;price method.&nbsp;GoI will have the ....

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....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&nbsp;February 21, 2025 (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 Fac....

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....ility 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&nbsp;February 21, 2025. The non-competitive bids should be submitted between&nbsp;10:30 a.m. and 11:00 a.m.&nbsp;and the competitive bids should be submitted between&nbsp;10:30 a.m. ....

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....and 11:30 a.m.&nbsp; The result of the auctions will be announced on&nbsp;February 21, 2025 (Friday)&nbsp;and payment by successful bidders will be on&nbsp;February 24, 2025 (Monday).&nbsp; &nbsp;&nbsp; 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....

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