{"id":9297,"date":"2024-07-03T09:48:43","date_gmt":"2024-07-03T04:18:43","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=9297"},"modified":"2024-07-03T09:48:43","modified_gmt":"2024-07-03T04:18:43","slug":"auction-for-sale-re-issue-of-i-7-02-gs-2027-ii-7-23-gs-2039-and-iii-7-30-gs-2053","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/07\/03\/auction-for-sale-re-issue-of-i-7-02-gs-2027-ii-7-23-gs-2039-and-iii-7-30-gs-2053\/","title":{"rendered":"Auction for Sale (re-issue) of (i) \u20187.02% GS 2027\u2019, (ii) \u20187.23% GS 2039\u2019 and (iii) \u20187.30% GS 2053\u2019"},"content":{"rendered":"<p style=\"text-align: justify;\">The Government of India (GoI) has announced the sale (re-issue) of (i)\u00a0<strong>\u201c7.02% Government Security 2027<\/strong>\u201d for a notified amount of\u00a0<strong>\u20b96,000 crore<\/strong>\u00a0(nominal) through price based auction using\u00a0<strong>multiple<\/strong>\u00a0<strong>price method<\/strong>, (ii)\u00a0<strong>\u201c7.23% Government Security 2039<\/strong>\u201d for a notified amount of\u00a0<strong>\u20b912,000 crore<\/strong>\u00a0(nominal) through price based auction using\u00a0<strong>multiple<\/strong>\u00a0<strong>price method\u00a0<\/strong>and (iii) \u201c<strong>7.30% Government Security 2053<\/strong>\u201d for a notified amount of\u00a0<strong>\u20b910,000 crore<\/strong>\u00a0(nominal) through price based auction using\u00a0<strong>multiple<\/strong>\u00a0<strong>price method<\/strong>. GoI will have the option to retain additional subscription up to \u20b92,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on<strong>\u00a0July 05, 2024 (Friday).<\/strong><\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on\u00a0<strong>July 05, 2024<\/strong>. The non-competitive bids should be submitted between\u00a0<strong>10:30 a.m. and 11:00 a.m.<\/strong>\u00a0and the competitive bids should be submitted between\u00a0<strong>10:30 a.m. and 11:30 a.m.<\/strong><\/p>\n<p style=\"text-align: justify;\">The result of the auctions will be announced on\u00a0<strong>July 05, 2024 (Friday)<\/strong>\u00a0and payment by successful bidders will be on\u00a0<strong>July 08, 2024 (Monday).<\/strong><\/p>\n<p style=\"text-align: justify;\">The Securities will be eligible for \u201cWhen Issued\u201d trading in accordance with the guidelines on \u2018When Issued transactions in Central Government Securities\u2019 issued by the Reserve Bank of India vide circular No. RBI\/2018-19\/25 dated July 24, 2018 as amended from time to time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India (GoI) has announced the sale (re-issue) of (i)\u00a0\u201c7.02% Government Security 2027\u201d for a notified amount of\u00a0\u20b96,000 crore\u00a0(nominal) through price based auction using\u00a0multiple\u00a0price method, (ii)\u00a0\u201c7.23% Government Security 2039\u201d for a notified amount of\u00a0\u20b912,000 crore\u00a0(nominal) through price based auction using\u00a0multiple\u00a0price method\u00a0and (iii) \u201c7.30% Government Security 2053\u201d for a notified amount of\u00a0\u20b910,000 crore\u00a0(nominal) through &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6243,6246,6245,6244],"class_list":["post-9297","post","type-post","status-publish","format-standard","","category-business-english-news","tag-government-bonds-auction","tag-invest-in-government-bonds","tag-participate-in-bond-sale","tag-purchase-government-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auction for Sale (re-issue) of (i) \u20187.02% GS 2027\u2019, (ii) \u20187.23% GS 2039\u2019 and (iii) \u20187.30% GS 2053\u2019 - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Learn about the upcoming auction for the sale of 7.02% GS 2027, 7.23% GS 2039, and 7.30% GS 2053 government securities. 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