The Government of India (GoI) has announced the sale (issue/re-issue) of (i) 7.38% Government Security 2027 for a notified amount of Rs 9,000 crore (nominal) through price based auction using uniform price method, (ii) GOI FRB 2028 for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method (iii) 7.54% Government Security 2036 for a notified amount of Rs 11,000 crore (nominal) through price based auction using uniform price method and (iv) New Government Security 2052 for a notified amount of Rs 8,000 crore (nominal) through yield based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs. 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India on September 09, 2022 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content