Auction for Sale (Re-issue) of (i) ‘5.74% GS 2026’, (ii) ‘GoI Floating Rate Bond 2028’, and (iii) ‘6.67%GS 2035’ (iv) ‘6.99% GS 2051
The Government of India (GoI) has announced the sale (re-issue) of I 5.74 percent Government Security, 2026′ for a notified amount of 9,000 crores (nominal) through price based auction using uniform price method; (ii) ‘GoI Floating Rate Bonds, 2028’ for a notified amount of 4,000 crores (nominal) through price based auction using uniform price method; and (iii) ‘6.67 percent Government Security, 2035’ The Government of India would have the option to keep up to 2,000 crores in further subscriptions against one or more securities. The auctions will be held on Friday, April 8, 2022, at the Reserve Bank of India, Mumbai Office, Fort, Mumbai.
2. Under the Scheme for Non-Competitive Bidding Facility in Government Securities Auctions, up to 5% of the notified amount of the Securities auction shall be allocated to qualifying people and institutions.
3. Bids for the auction should be filed in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 8, 2022, for both competitive and non-competitive bids. Bids for non-competitive items should be submitted between 12.30 p.m. and 01.00 p.m., while bids for competitive items should be submitted between 12.30 p.m. and 01.30 p.m.
4. The auction results will be revealed on Friday, April 8, 2022, and successful bidders will be paid on April 11, 2022. (Monday).
5. The Securities shall 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, as published in circular No. RBI/2018-19/25 dated July 24, 2018, and as amended from time to time.