GoI announces auction for Sale (Re-issue) of GS 2022 / 2030 / 2061



Quick Summary
The Government of India has announced a re-issue auction for three Government Securities: 3.96% GS 2022, 5.85% GS 2030, and 6.76% GS 2061. The auctions, conducted by the Reserve Bank of India on April 16, 2021, will use a multiple price method. A portion of the securities will be available for eligible individuals and institutions through a non-competitive bidding facility.

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 3.96% Government Security, 2022; 5.85% Government Security, 2030; and 6.76% GS 2061.

The auctions will be conducted on Friday, April 16, 2021.

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

The total notified amount is 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.

Both competitive and non-competitive bids must be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 16, 2021.

The results will be announced on April 16, 2021, and payment by successful bidders will be on April 19, 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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