Government of India Announces Sale Four Dated Securities For Notified Amount Of Rs 27000 Crore

Government of India (GoI) has announced the Sale (Re-issue) of (i) '3.96% Government Security, 2022' for a notified amount of Rs 2,000 crore (nominal) through price based auction, (ii) '5.15% Government Security, 2025' for a notified amount of Rs11,000 crore (nominal) through price based auction, (iii)'5.85% Government Security, 2030' for a notified amount of Rs 8,000 crore (nominal) through price based auction,and(iv) '6.80%Government Security, 2060' for a notified amount of Rs 6,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 08, 2021 (Friday) using multiple price method. 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. 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 January 08, 2021.

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