The Government of India has announced an auction for the sale and re-issue of several government securities. These include 'New GS 2026', 'GoI Floating Rate Bond 2033', 'New GS 2035', and '6.67% GS 2050', with total notified amounts reaching Rs 32,000 crore. The Reserve Bank of India will conduct these auctions on April 9, 2021, using a multiple price method, with results and payment deadlines also set for that day and April 12, respectively.
Auction for Sale (Issue/Re-Issue) of (i) New GS 2026, (ii) GoI Floating Rate Bond 2033, (iii) New GS 2035, and (iv) 6.67% GS 2050
The Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) New Government Security, 2026 for a notified amount of Rs 11,000 crore (nominal) through y
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FAQ :
The auction includes 'New Government Security, 2026', 'GoI Floating Rate Bonds, 2033', 'New Government Security, 2035', and '6.67% Government Security, 2050'.
The total notified amounts are Rs 11,000 crore for 'New GS 2026', Rs 4,000 crore for 'GoI Floating Rate Bonds, 2033', Rs 10,000 crore for 'New GS 2035', and Rs 7,000 crore for '6.67% GS 2050'.
The auctions will be conducted by the Reserve Bank of India, Mumbai Office, on April 9, 2021.
Non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., and competitive bids between 10:30 a.m. and 11:30 a.m. on April 9, 2021.
The results will be announced on April 9, 2021, and payment by successful bidders will be on April 12, 2021.
Yes, up to 5% of the notified amount will be allotted to eligible individuals and institutions under the Non-Competitive Bidding Facility.