Economy Reports News Details
Government of India announces sale of three dated securities for a notified amount of Rs 30,000 crore
The Government of India (GoI) has announced the sale (re-issue) of (i) ?7.06% Government Security 2028? for a notified amount of ₹7,000 crore (nominal) through price based auction using uniform price method, (ii) ?7.18% Government Security 2033? for a notified amount of ₹13,000 crore (nominal) through price based auction using uniform price method and (iii) ?7.30% Government Security 2053? for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India on October 06, 2023 (Friday). 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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