The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) New Government Security 2029 for a notified amount of ₹12,000 crore (nominal) through yield based auction using multiple price method, (ii) New GOI SGrB 2034 for a notified amount of ₹6,000 crore (nominal) through yield based auction using multiple price method and (iii) 7.34% Government Security 2064 for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India on May 31, 2024 (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
