Government Of India Announces The Sale Of Three Dated Securities For Rs 20,000 crore

The government of India (GoI) has announced the sale (issue/re-issue) of three dated securities for Rs 20000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 5,000 and New GS 2050 maturing on September 20, 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The amounts so retained may be within the notified amount, by setting-off under other securities in the same auction, or may be over and above the notified amount. The total amount retained over and above the notified will not exceed Rs 20,000 crore in first half of FY 2020-21 and will be set-off in second half year. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be yield based (for new securities) and price based (for other securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

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