The Government of India (GoI) has announced the sale (issue/re-issue) of five dated securities for Rs 17000 Cr. These include New GS 2021 3,000, 7.27% GS 2026 3,000, 7.57% GS 2033 5,000, 7.62% GS 2039 2,000, 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 be yield based (for the new security) and price based (for other 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. 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 July 12, 2019.
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