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The Budget Division of the Ministry of Finance has notified the Sale (Re-issue) of the below-mentioned securities and the schedule for the same. Read the official announcement below: MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 4th January
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FAQ :
The auction will be conducted by the Reserve Bank of India, Mumbai Office, on January 8, 2021.
The auction includes the re-issue of 3.96% GS 2022, 5.15% GS 2025, 5.85% GS 2030, and 6.80% GS 2060.
The total notified amount is Rs 2,000 crore for 3.96% GS 2022, Rs 11,000 crore for 5.15% GS 2025, Rs 8,000 crore for 5.85% GS 2030, and Rs 6,000 crore for 6.80% GS 2060.
Yes, the Government of India has the option to retain additional subscriptions up to Rs 2,000 crore against each of the above securities.
Bids must be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 8, 2021.
Non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., and competitive bids between 10:30 a.m. and 11:30 a.m.
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