Government Announces Special Sale (Re-issue) of Government Securities

Government Announces Special Sale

The Government of India has announced the Sale (Re-issue) of various Government Securities (GS). However, 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 11th February, 2021, using multiple price method.

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

  • ‘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 Rs 11,000 crore (nominal)

The result of the auctions will be announced on 11th February, 2021 and payment by successful bidders will be on 12th February, 2021.

Knowledge Source:

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