Govt to Auction Bonds Worth Rs 360 Billion on May 2

29 Apr 2025 CW Team

The Government of India has announced the auction of two government securities worth a total of Rs 360 billion on May 2, 2025. The Reserve Bank of India (RBI) will conduct the sale of the re-issued “6.64% Government Security 2027” for Rs 60 billion and a new “Government Security 2035” for Rs 300 billion.

The auctions will be held using the multiple price method. The 2027 bond will be sold through a price-based auction, while the 2035 bond will go through a yield-based auction. Both auctions will be conducted by the RBI’s Mumbai Office at Fort.

The government also retains the option to accept an additional Rs 20 billion in subscriptions for each security, potentially raising the total issue size to Rs 400 billion.

As per the Scheme for Non-Competitive Bidding Facility, up to 5% of the notified amount will be reserved for eligible individuals and institutions. Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids will be accepted from 10:30 a.m. to 11:30 a.m. on the E-Kuber system.

Auction results will be announced the same day, May 2, and successful bidders must make payments by May 5, 2025.

Both securities will be eligible for “When Issued” trading, as per RBI guidelines issued on July 24, 2018.

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