Auction for Sale (Re-issue) of (i) ‘4.56% GS 2023’, (ii) ‘5.74% GS 2026’, (iii) ‘6.67% GS 2035’, and (iv) ‘6.99% GS 2051’

Auction for Sale (Re-issue) of (i) ‘4.56% GS 2023’, (ii) ‘5.74% GS 2026’, (iii) ‘6.67% GS 2035’, and (iv) ‘6.99% GS 2051’ The Government of India (GoI) has announced the sale (re-issue) of I '4.56% Government Security, 2023' for a notified amount of Rs 2,000 crore (nominal) through price based auction using uniform price method (ii) '5.74 percent Government Security, 2026' for a notified amount of Rs 6,000 crore (nominal) through price based auction using uniform price method (iii) '6.67% Government Security, 2035' for a The Government of India would have the option to keep up to 2,000 crore in additional subscriptions for one or more security/securities. The auctions will be held on Friday, January 7, 2022, at the Reserve Bank of India, Mumbai Office, Fort, Mumbai. According to the Scheme for Non-Competitive Bidding Facility in Government Securities Auctions, up to 5% of the notified amount of the Securities auction would be allocated to qualifying people and institutions. Bids for the auction should be filed in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system by January 7, 2022, for both competitive and non-competitive bids. Bids should be filed between 10.30 a.m. and 11.00 a.m. for non-competitive bids and between 10.30 a.m. and 11.30 a.m. for competitive bids. The auction results will be published on Friday, January 7, 2022, and successful bidders will be paid on January 10, 2022. (Monday). The Securities will be eligible for "When Issued" trading under the Reserve Bank of India's guidelines on "When Issued transactions in Central Government Securities," as revised from time to time by circular No. RBI/2018-19/25 dated July 24, 2018, as amended.