GoI announces Auction for Sale (Re-issue) of 3.96% GS 2022, and 5.85% GS 2030 and 6.76% GS 2061



Quick Summary
The Government of India is holding a re-issue auction for three government securities: the 3.96% GS 2022, the 5.85% GS 2030, and the 6.76% GS 2061. The auctions, managed by the Reserve Bank of India, will take place on April 30, 2021, using a multiple price method. Bidders can submit electronic bids through the RBI's E-Kuber system, with specific time slots for non-competitive and competitive bids.

The Government of India (GoI) has announced the Sale (Re-issue) of (i) 3.96% Government Security, 2022 for a notified amount ofRs 3,000 crore(nominal) throughprice based auction, (ii) 5.85% Government Security, 2030 for a notified amount ofRs 14,000 crore(nominal) throughprice based auction, and (ii
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FAQ :

The Government of India is re-issuing the '3.96% Government Security, 2022', '5.85% Government Security, 2030', and '6.76% GS 2061'.

The notified amounts are Rs 3,000 crore for 3.96% GS 2022, Rs 14,000 crore for 5.85% GS 2030, and Rs 9,000 crore for 6.76% GS 2061.

The auctions will be conducted by the Reserve Bank of India, Mumbai Office.

The auctions are scheduled for April 30, 2021.

Both competitive and non-competitive bids must be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

The results will be announced on April 30, 2021, and payment by successful bidders will be on May 03, 2021.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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