Government releases schedule for Auction for Sale (Re-issue) of Government Securities (GS)

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, 2021
Auction for Sale (Re-issue) of Government Securities (GS)

F. No. 4(5)-B(W&M)/2020. - Government of India hereby notifies sale (Re-issue) of the following Government Securities:

Government of India will have the option to retain additional subscription up to ` 2,000 crore against each of the above securities. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The Securities will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)– W&M/2018, dated March 27, 2018 issued by the Government of India.

Allotment to Non-competitive Bidders

2. The Government Securities up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex).

Place and date of auction

3.  The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400001 on January 08, 2021. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 08, 2021. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.

To read more in details, find the enclosed file