Govt launches three dated securities worth Rs24,000cr for auction today on RBI portal

14 Jan 2022 , 09:19 AM

The Indian government has launched the sale (issue/re-issue) of three dated securities aggregating to Rs24,000cr on Friday.

The securities are – (i) New Government Security, 2032’ for a notified amount of Rs 13,000 crore (nominal) through price based auction using uniform price method; (ii) ‘‘GoI Floating Rate Bonds, 2034’ for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method; and (iii) ‘6.95% Government Security 2061’ for a notified amount of Rs 7,000 crore (nominal) through price based auction using multiple price method.

Also, the government has the option to retain additional subscriptions up to Rs 2,000 crore each against one or more security/ies.

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.

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.