The Government of India is re-issuing three Government Securities (GS): '4.26% GS 2023', '5.85% GS 2030', and '6.76% GS 2061'. The total notified amount for these securities is Rs 26,000 crore, with an option to retain an additional Rs 6,000 crore. The auctions, managed by the Reserve Bank of India, will take place on June 25, 2021, using a multiple price method. Bidders can submit electronic bids through the RBI's E-Kuber system.
Auction for Sale (Re-issue) of 4.26% GS 2023, and 5.85% GS 2030and 6.76% GS 2061
The Government of India (GoI) has announced the Sale (Re-issue) of (i) 4.26% Government Security, 2023 for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 5.85% Government Security, 20
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FAQ :
The Government of India is re-issuing '4.26% Government Security, 2023', '5.85% Government Security, 2030', and '6.76% GS 2061'.
The total notified amount is Rs 3,000 crore for GS 2023, Rs 14,000 crore for GS 2030, and Rs 9,000 crore for GS 2061, making a total of Rs 26,000 crore.
The auctions will be conducted on Friday, June 25, 2021.
The auctions will be conducted by the Reserve Bank of India, Mumbai Office.
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 June 25, 2021.
The results of the auctions will be announced on June 25, 2021, and payment by successful bidders will be on June 28, 2021.