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The Government of India has announced the auction of two government securities:
A new Government Security maturing in 2030, with a notified amount of Rs 15,000 crore (nominal), to be issued through a yield-based auction using the multiple price method.
A re-issue of the 7.09% Government Security maturing in 2054, with a notified amount of Rs 12,000 crore (nominal), to be conducted via a price-based auction using the multiple price method.
The government also retains the option to accept an additional subscription of up to Rs 2,000 crore for each security.
The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, on Friday, July 18, 2025. As per the Scheme for Non-Competitive Bidding Facility, up to 5% of the notified amount in each auction will be reserved for eligible individuals and institutions.
Bids must be submitted electronically through the RBI's Core Banking Solution (E-Kuber) system. Non-competitive bids will be accepted between 10:30 a.m. and 11:00 a.m., while competitive bids must be submitted between 10:30 a.m. and 11:30 a.m. on the same day.
Auction results will be announced on July 18, 2025, with payment by successful bidders due on Monday, July 21, 2025.
These securities will be eligible for “When Issued” trading, as per RBI guidelines outlined in Circular No. RBI/2018-19/25 dated July 24, 2018, and subsequent amendments.
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