The Government of India (GoI) has announced the sale (re-issue) of (i) 6.79% Government Security 2034 for a notified amount of ₹22,000 crore and (ii) 7.46% Government Security 2073 for a notified amount of ₹10,000 crore. The auction will be conducted using multiple price method. 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 October 25, 2024 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.
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