{"id":3113,"date":"2022-08-30T07:22:54","date_gmt":"2022-08-30T07:22:54","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=3113"},"modified":"2022-08-30T07:26:49","modified_gmt":"2022-08-30T07:26:49","slug":"government-of-india-notifies-the-auction-for-sale-re-issue-of-government-securities","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/government-of-india-notifies-the-auction-for-sale-re-issue-of-government-securities\/","title":{"rendered":"Government of India notifies the auction for sale (re-issue) of Government Securities."},"content":{"rendered":"\n

New Delhi, the 29th August, 2022<\/p>\n\n\n\n

Auction for Sale (re-issue) of Government Security (GS)<\/strong><\/p>\n\n\n\n

F. No. 4(3)-B(W&M)\/2022.<\/strong>\u2014 Government of India (GoI) hereby notifies sale (re-issue) of the following Government Securities.<\/p>\n\n\n\n

Name of the
Security<\/strong><\/td>		Date of Original
Issue<\/strong><\/td>		Tenure
(yy-mm-dd)<\/strong><\/td>		Date of
Maturity<\/strong><\/td>		Base<\/strong><\/td>Method<\/strong><\/td>Notified
Amount
(in \u20b9 Crore)<\/strong><\/td><\/tr>
6.69% GS 2024<\/td>Jun 27, 2022<\/td>02-00-00<\/td>June 27, 2024<\/td>Price<\/td>Uniform<\/td>4,000<\/td><\/tr>
7.10% GS 2029<\/td>Apr 18, 2022<\/td>07-00-00<\/td>Apr 18, 2029<\/td>Price<\/td>Uniform<\/td>7,000<\/td><\/tr>
7.26% GS 2032<\/td>Aug 22, 2022<\/td>10-00-00<\/td>Aug 22, 2032<\/td>Price<\/td>Uniform<\/td>13,000<\/td><\/tr>
6.95% GS 2061<\/td>Nov 22, 2021<\/td>40-00-24<\/td>Dec 16, 2061<\/td>Price<\/td>Multiple<\/td>9,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

GoI will have the option to retain additional subscription up to Rs. 2,000 Crore against each security mentioned above. The sale will be subject to the terms and conditions spelt out in this notification (called \u2018Specific Notification\u2019). The Securities will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)\u2013 W&M\/2018, dated March 27, 2018 issued by Government of India.<\/p>\n\n\n\n

Allotment to Non-competitive Bidders<\/strong><\/p>\n\n\n\n

  1. 2. The Government Security up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex).<\/li><\/ol>\n\n\n\n

    Place and date of auction<\/strong><\/p>\n\n\n\n

    1. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
      September 02, 2022. Bids for the auction should be submitted in electronic format on the Reserve Bank of
      India Core Banking Solution (E-Kuber) system on September 02, 2022. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.<\/li><\/ol>\n\n\n\n

      When Issued Trading<\/strong><\/p>\n\n\n\n

      1. 4. The Securities will be eligible for \u201cWhen Issued\u201d trading in accordance with the guidelines issued by the
        Reserve Bank of India.<\/li><\/ol>\n\n\n\n

        Date of issue and payment for the security<\/strong><\/p>\n\n\n\n

        1. The result of the auction shall be placed by the Reserve Bank of India on its website (www.rbi.org.in) on
          September 02, 2022. The payment by successful bidders will be on September 05, 2022 i.e. the date of reissue. The payment for the securities will include accrued interest on the nominal value of the Securities
          allotted in the auction from the date of original issue \/ last coupon payment date to the date upto which
          accrued interest is due as mentioned in the table in para 6.<\/li><\/ol>\n\n\n\n

          To Read More….
          Click the link below….<\/strong><\/p>\n\n\n\n

          Notification : <\/strong>https:\/\/www.dropbox.com\/s\/aji97rcdxkcmb6k\/Reissue%20of%20Government%20Dated%20Securities.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

          New Delhi, the 29th August, 2022 Auction for Sale (re-issue) of Government Security (GS) F. No. 4(3)-B(W&M)\/2022.\u2014 Government of India (GoI) hereby notifies sale (re-issue) of the following Government Securities. Name of theSecurity Date of OriginalIssue Tenure(yy-mm-dd) Date ofMaturity Base Method NotifiedAmount(in \u20b9 Crore) 6.69% GS 2024 Jun 27, 2022 02-00-00 June 27, 2024 Price […]<\/p>\n","protected":false},"author":1,"featured_media":3093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,50],"tags":[120],"class_list":["post-3113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-ministry-of-finance","tag-mof"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=3113"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3113\/revisions"}],"predecessor-version":[{"id":3114,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3113\/revisions\/3114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/3093"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=3113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=3113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=3113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}