Auction for sale (re-issue) of government securities: Here’s what you need to know
₹8,000 crore (nominal) through price-based auction using uniform price method (ii) “7.17% Government Security 2030" for a notified amount of ₹7,000 crore (nominal) through price-based auction using uniform price method (iii) “7.18% Government Security 2037" for a notified amount of ₹12,000 crore (nominal) through price-based auction using uniform price method (iv) “7.25% Government Security 2063" for a notified amount of ₹12,000 crore (nominal) through price-based auction using multiple price method The government will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday, 1 September, 2023.
“Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 01, 2023. 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," the ministry said. The result of the auctions will be announced on 1 September, 2023 (Friday) and payment by successful bidders will be on 4 September, 2023 (Monday).
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