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Government Of India Announces Sale Of Four Dated Securities For Rs 30,000 crore

Business Finance

Capital Market 

The government of India (GoI) has announced the sale (issue /re-issue) of four dated securities for Rs 30000 crore. These include 5.09% GS 2022 3,000 May 22, 2020, 5.79% GS 2030 18,000, GOI FRB 2031 4,000 and 7.19% GS 2060 5,000. GoI will have the option to retain additional subscription up to ₹2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based for all the securities, 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.

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

First Published: Tue, May 19 2020. 09:16 IST