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Government of India Announces Sale Of Four Dated Securities For A Notified Amount Of Rs 32,000 crore

Capital Market 

The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.63% Government Security, 2026 for a notified amount of Rs 11,000 crore (nominal) through price based auction, (ii) GoI Floating Rate Bonds, 2033 for a notified amount of Rs 4,000 crore (nominal) through price based auction, (iii) 6.64% Government Security, 2035 for a notified amount of Rs 10,000 crore (nominal) through price based auction and (iv) 6.67% Government Security, 2050 for a notified amount of Rs 7,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 8,000 crore against the above Security/Securities. The auctions will be conducted by the Reserve Bank of India on May 07, 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, May 04 2021. 09:31 IST