Auction for Sale (Issue/re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘GoI Floating Rate Bond 2034’, (iii) ‘New GS 2035’, and (iv) ‘6.67% GS 2050’

Ministry of Finance

The Government of India (GoI) has announced the Sale (issue/re-issue) of (i) ‘5.63% Government Security, 2026’ for a notified amount of Rs 11,000 crore (nominal) through price based auction using uniform price method (ii) ‘GoI Floating Rate Bonds, 2034’ for a notified amount of Rs 3,000 crore (nominal) through price  based auction using uniform price  method (iii) ‘New Government Security, 2035’ for a notified amount of Rs 10,000 crore (nominal) through yield based auction using uniform price method, and (iv) ‘6.67% Government Security, 2050’ for a notified amount of Rs 7,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 8,000 crore against the above Security/Securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Thursday i.e. September 09, 2021.

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 auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 09, 2021. 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.

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