India to Auction Four Dated Securities Worth ₹32,000 Crore
Government of India announces the sale of four dated securities for a notified amount of ₹32,000 crore
Business Standard
Image: Business Standard
The Reserve Bank of India will auction four dated securities totaling ₹32,000 crore on April 24, 2026. This includes securities with maturities in 2029, 2033, and 2055, with the government retaining the option for additional subscriptions.
- 01Total amount for auction is ₹32,000 crore.
- 02Includes four securities with varying maturities.
- 03Auction date is set for April 24, 2026.
- 04Competitive and non-competitive bids can be submitted electronically.
- 05Government can retain additional subscriptions up to ₹2,000 crore per security.
Advertisement
In-Article Ad
The Reserve Bank of India (RBI) has announced an auction of four dated securities with a total notified amount of ₹32,000 crore. The securities include the 6.03% GS 2029 and 6.68% GS 2033, each valued at ₹11,000 crore, along with the 7.24% GS 2055 and New GOI SGrB 2056, each worth ₹5,000 crore. Scheduled for April 24, 2026, the auction will employ a multiple price method, allowing both competitive and non-competitive bids to be submitted electronically via the RBI's e-Kuber system. The government will also have the option to retain additional subscriptions of up to ₹2,000 crore for each security.
Advertisement
In-Article Ad
This auction allows investors to participate in government securities, potentially impacting interest rates and investment strategies.
Advertisement
In-Article Ad
Reader Poll
Do you think investing in government securities is a good option for retail investors?
Connecting to poll...
More about Reserve Bank of India
Read the original article
Visit the source for the complete story.