Quick Summary
MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 11th January, 2021 Auction for Sale (Re-issue) of Government Securities (GS) F..No. 4(5)-B(WM)/2020.- Government of India hereby notifies sale (Re-issue) of the following Government Securities:
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The auction will be conducted by the Reserve Bank of India on January 15, 2021.
The total notified amount for the securities is Rs 22,000 crore, with an option for the Government to retain additional subscriptions up to Rs 2,000 crore for each security.
Non-competitive bidders can participate through a bank or Primary Dealer, making a single bid for an amount not exceeding Rs 2 crore. They must submit their bids electronically on the RBI's E-Kuber system.
Payment for the securities by successful bidders will be on January 18, 2021, which is the date of re-issue.
Interest will be paid half-yearly on the nominal value of the securities. For the GoI FRB 2033, the interest rate is variable.
The minimum amount for bidding is Rs 10,000 (face value) and thereafter in multiples of Rs 10,000.
CAclubindia
