Quick Summary
Auction for Sale (Re-issue) of 4.48% GS 2023, GoI Floating Rate Bond 2033, 6.22% GS 2035, and 6.67% GS 2050 The Government of India (GoI) has announced the Sale (Re-issue) of (i)4.48% Government Security, 2023for a notified amount ofRs 4,000 crore(nominal) throughprice based auction, (ii)GoI Floa
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FAQ :
The auction includes the re-issue of '4.48% Government Security, 2023', 'GoI Floating Rate Bonds, 2033', '6.22% Government Security, 2035', and '6.67% Government Security, 2050'.
The auctions will be conducted on March 12, 2021.
The auctions will be conducted by the Reserve Bank of India, Mumbai Office.
The notified amounts are Rs 4,000 crore for '4.48% GS 2023', Rs 4,000 crore for 'GoI Floating Rate Bond 2033', Rs 11,000 crore for '6.22% GS 2035', and Rs 5,000 crore for '6.67% GS 2050'.
Yes, GoI has the option to retain additional subscription up to Rs 2,000 crore against each of the securities.
Both competitive and non-competitive bids must be submitted in electronic format on the Reserve Bank of India's E-Kuber system on March 12, 2021.
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