Government of India (GOI) has announced the sale (issue/re-issue) of three dated securities for a notified amount of ₹26,000 crore as per the following details:
| Sr No | Security | Date of Repayment | Notified Amount (₹ crore) |
GoI specific Notification | Auction Date | Settlement Date |
| 1 | 4.26% GS 2023 | May 17, 2023 | 3,000 | F.No.4(3)-B(W&M)/2021 dated July 05, 2021 | July 09, 2021 (Friday) |
July 12, 2021 (Monday) |
| 2 | New GS 2031 | July 12, 2031 | 14,000 | |||
| 3 | 6.76% GS 2061 | Feb. 22, 2061 | 9,000 | |||
| Total | 26,000 |
2. GoI will have the option to retain additional subscription up to ₹6,000 crore against above security/securities.
3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.
4. The auction will be conducted using uniform price method for 4.26% GS 2023, New GS 2031 and multiple price method for 6.76% GS 2061. 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 July 09, 2021 (Friday). The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on July 12, 2021 (Monday).
5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 9.00 a.m. up to 9.30 a.m. on July 09, 2021 (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.
6. The Stocks will be eligible for “When Issued” trading for a period commencing from July 06, 2021 – July 09, 2021.
7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex.
Ajit Prasad
Director
