Quick Summary
The Government of India (GoI) has announced the Sale (Re-issue) of (i) 3.96% Government Security, 2022 for a notified amount ofRs2,000 crore(nominal) throughprice based auction, (ii) 5.15% Government Security, 2025 for a notified amount ofRs11,000 crore(nominal) throughprice based auction,(iii)5.85% Government Security, 2030 for a notified amount ofRs9,000 crore(nominal) through price based auction,and(iv) 6.80%Government Security, 2060 for a notified amount ofRs6,000 crore(nominal) throughprice
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FAQ :
The Government of India is re-issuing the 3.96% Government Security, 2022; 5.15% Government Security, 2025; 5.85% Government Security, 2030; and 6.80% Government Security, 2060.
The notified amounts are Rs 2,000 crore for the 3.96% GS 2022, Rs 11,000 crore for the 5.15% GS 2025, Rs 9,000 crore for the 5.85% GS 2030, and Rs 6,000 crore for the 6.80% GS 2060.
The auctions will be conducted by the Reserve Bank of India on December 24, 2020, using the multiple price method via the E-Kuber system.
Non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. on December 24, 2020.
The results will be announced on December 24, 2020, and payment by successful bidders will be on December 28, 2020.
Yes, up to 5% of the notified amount for each security will be allotted to eligible individuals and institutions under the Non-Competitive Bidding Facility.
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