The government of India (GoI) has announced the sale (re-issue) of five dated securities for Rs 17000 crore. These include 6.17% GS 2021 3,000, 7.27% GS 2026 3,000, 7.57% GS 2033 5,000, 7.62% GS 2039 2,000 and 7.63% GS 2059 4,000. Subject to the limit of ₹17000 Cr being total notified amount, GoI will have the option to retain additional subscription up to ₹1000 Cr each against any one or more of the above securities. The auction will be price based 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. 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 August 09, 2019.
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