Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹ 30,000 cr. These include (i) '5.09 per cent Government Stock, 2022' for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) '5.79 per cent Government Stock, 2030' for a notified amount of Rs 18,000 crore (nominal) through price based auction, (iii) 'GoI Floating Rate Bonds, 2033' for a notified amount of Rs 4,000 crore (nominal) through price based auction, and (iv) '7.19 per cent Government Stock, 2060' for a notified amount of Rs 5,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)