JKB Financial Services Ltd.

As on : 18-Feb-2025

Economy - Reports
18-Feb-2025 11:38

Government of India announces the sale of three dated securities for a notified amount of ₹34,000 crore

The Government of India (GoI) has announced the sale (re-issue) of (i) '6.75% Government Security 2029' for a notified amount of ₹14,000 crore (nominal) through price based auction using multiple price method, (ii) '6.98% GOI SGrB 2054' for a notified amount of ₹5,000 crore (nominal) through price based auction using multiple price method and (iii) '7.34% Government Security 2064' for a notified amount of ₹15,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 21, 2025 (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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