Government Announces Sale (Re-Issue) of Different Government Securities

Government Announces Sale

The Government of India has announced the Sale (Re-issue) of various Government Securities (GS). It further states that Government will have the option to retain additional subscription up to Rs 2,000 crore against each of the securities offered therein.

The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on 22nd January, 2021, using multiple price method.

The Government Securities (GS) that are offered to be auctioned are as below:

  • ‘3.96% GS, 2022’ for a notified amount of Rs 2,000 crore(nominal) through price based auction,
  • ‘5.15% GS, 2025’ for a notified amount of Rs 11,000 crore(nominal) through price based auction,
  • ‘5.85% GS, 2030’ for a notified amount of Rs8,000 crore (nominal) through price based auction, and
  • ‘6.80% GS, 2060’ for a notified amount of Rs 6,000 crore(nominal) through price based auction.

The result of the auctions will be announced on 22nd January, 2021 and payment by successful bidders will be on 25th January, 2021.

Click here for detailed official press release:

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