Government of India announces the sale of five dated securities for Rs 16,000 crore

The government of India (GoI) has announced the sale (re-issue) of five dated securities for Rs 16000 crore. These include 6.17% GS 2021 2,000, 7.27% GS 2026 2,000, 6.45% GS 2029 7,000, 7.62% GS 2039 1,000 and 7.63% GS 2059 4,000. Subject to the limit of ₹16000 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 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 November 22, 2019.

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