Government of India announces sale of two dated securities for a notified amount of ₹32,000 crore

The Government of India (GoI) has announced the sale (issue/re-issue) of (i) '6.79% Government Security 2034' for a notified amount of ₹22,000 crore (nominal) through price based auction using multiple price method and (ii) 'New Government Security 2074' for a notified amount of ₹10,000 crore (nominal) through yield based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 22, 2024 (Friday). 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.

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