The Government of India announces the Sale of various Government Securities and Bonds



Quick Summary
The Government of India is holding auctions for several re-issued government securities and bonds on December 4, 2020. These include the 4.48% GS 2023, GoI Floating Rate Bond 2033, 6.22% GS 2035, and 6.67% GS 2050. The Reserve Bank of India will conduct these auctions using the multiple price method. Investors can submit bids electronically via the RBI's E-Kuber system, with specific timings for competitive and non-competitive bids.

Auction for Sale (Re-issue) of 4.48% GS 2023, Auction for Sale (Re-Issue) of GoI Floating Rate Bond 2033, Auction for Sale (Re-issue) of 6.22% GS 2035, and Auction for Sale (Re-issue)of 6.67% GS 2050. Government of India (GoI) has announced the Sale (Re-issue) of (i) 4.48% Government Security, 2023 for a notified amount ofRs6,000 crore(nominal) throughprice based auction, (ii) GoI Floating Rate Bonds, 2033 for a notified amount ofRs2,000 crore(nominal) throughprice based auction,(iii) 6.22% G
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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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FAQ :

The auctions include the 4.48% Government Security, 2023; GoI Floating Rate Bonds, 2033; 6.22% Government Security, 2035; and 6.67% Government Security, 2050.

The auctions will be conducted on December 04, 2020.

The auctions will be conducted by the Reserve Bank of India, Mumbai Office.

The notified amounts are Rs 6,000 crore for 4.48% GS 2023, Rs 2,000 crore for GoI Floating Rate Bond 2033, Rs 9,000 crore for 6.22% GS 2035, and Rs 5,000 crore for 6.67% GS 2050.

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 December 04, 2020.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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