Team News Riveting
Mumbai, December 6
The Government of India (GOI) has announced the sale (issue/re-issue) of four dated securities for a notified amount of Rs 24,000 crore.
It includes 4.56 per cent GS 2023 (Rs 2000 crore), 5.74 per cent GS 2026 (Rs 6000 crore), 6.67 per cent GS 2035 (Rs 9000), 6.99 per cent GS 2051 (Rs 7000).
GoI will have the option to retain additional subscription up to Rs 2,000 crore each against one or more security/ies. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001.
The auction will be conducted using uniform price method. 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 December 10, 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 December 13, 2021 (Monday).
