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Government of India Announces Sale Four Dated Securities For Notified Amount Of Rs 22000 Crore

Capital Market 

Government of India (GoI) has announced the Sale (Re-issue) of (i) 4.48% Government Security, 2023‟ for a notified amount of ' 6,000 crore (nominal) through price based auction, (ii) GoI Floating Rate Bonds, 2033‟ for a notified amount of ' 2,000 crore (nominal) through price based auction, (iii) 6.22% Government Security, 2035‟ for a notified amount of ' 9,000 crore (nominal) through price based auction, and (iv) 6.67% Government Security, 2050‟ for a notified amount of ' 5,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to ' 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 15, 2021 (Friday) using multiple price method. 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, January 12 2021. 09:34 IST