Government of India announces Sale (Re-Issue) of Government Securities



Quick Summary
The Reserve Bank of India will hold auctions on January 22, 2021, for the re-issue of four Government Securities: '3.96% GS 2022', '5.15% GS 2025', '5.85% GS 2030', and '6.80% GS 2060'. The total notified amount for these securities is Rs 31,000 crore, with the option for the government to retain an additional Rs 2,000 crore for each. Bidding will be conducted electronically via the RBI's E-Kuber system.

Auctions for Sale(Re-issue) of Government securities to be held by the Reserve Bank of India, Mumbai office on January 22, 2021 using multiple price method. For more information read the notification given below: Auction for Sale (Re-issue) of 3.96% GS 2022, 5.15% GS 2025, 5.85% GS 2030 and 6.80% GS 2060 The Government of India (GoI) has announced the Sale (Re-issue) of (i) 3.96% Government Security, 2022 for a notified amount ofRs 2,000 crore(nominal) throughprice based auction, (ii) 5.15
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FAQ :

The auctions for the re-issue of Government Securities will be held on January 22, 2021.

The securities being re-issued are '3.96% GS 2022', '5.15% GS 2025', '5.85% GS 2030', and '6.80% GS 2060'.

The total notified amount for the four securities is Rs 31,000 crore.

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.

The results of the auctions will be announced on January 22, 2021.




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