The Government of India has announced the sale (re-issue) of two dated securities with a combined notified amount of ₹28,000 crore. According to reports from Business Standard, the auction comprises ₹17,000 crore worth of 6.68% GS 2040 and ₹11,000 crore worth of 7.43% GS 2076. The securities will be sold through multiple price method auction, with both competitive and non-competitive bids required to be submitted electronically on the Reserve Bank of India Core Banking Solution (e-Kuber system).
The auction will be conducted using multiple price method, with both competitive and non-competitive bids required. As per the latest reports, non-competitive bids will be accepted from 10:30 AM to 11:00 AM and competitive bids from 10:30 AM to 11:30 AM on June 25, 2026. Results will be announced the same day. For the additional competitive underwriting segment, primary dealers can submit bids from 9:00 AM to 9:30 AM. Additionally, 'When Issued' trading will be permitted from June 23, 2026 to June 25, 2026.
Under RBI's operational guidelines, up to 5% of the notified issue of each security may be allocated to eligible individuals and institutions under the non-competitive bidding facility. Retail investors can participate through the Retail Direct portal, while successful securities will be credited to SGL or CSGL accounts and will be eligible for repo and non-resident investment as per prevailing regulations. This provision ensures broader market participation and provides retail investors access to government securities through the digital platform.
According to the announcement, the Government of India will retain the option to accept additional subscription up to ₹2,000 crore against each security. This provision allows for potential oversubscription beyond the initial notified amounts, providing flexibility in the auction process and ensuring adequate market participation in both securities.
