The Government of India has announced the sale and re-issue of ₹34,000 crore worth of dated securities through a re-issue of 6.94% GS 2036. According to reports from Business Standard, this represents a significant government securities offering in the current market environment. The auction will be conducted using the multiple price method, providing flexibility in pricing mechanisms and ensuring competitive pricing while maintaining government control over the final allocation.
The auction process will require competitive and non-competitive bids to be submitted electronically through the Reserve Bank of India Core Banking Solution (e-Kuber system) on July 03, 2026 (Friday). As reported by Business Standard, this structured approach ensures transparency and efficiency in the bidding process. The multiple price method allows for competitive pricing while maintaining government control over the final allocation. Additionally, the underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of the security.
The Government of India has retained the option to retain additional subscription up to ₹2,000 crore against the security. According to the announcement, this provision allows for potential oversubscription and provides flexibility in meeting market demand. This additional allocation mechanism demonstrates the government's commitment to accommodating investor interest while maintaining control over the overall issuance size.
