The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 30000 crore. These include 5.22% GS 2025 12,000 June 26, 2020, 6.19% GS 2034 11,000 and 7.16% GS 2050 7,000. 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 sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based for all the 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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
