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Economy News - Detailed News

Government of India announces the sale of three dated securities for a notified amount of Rs 28,000 crore
30-Apr-24   11:07 Hrs IST

The Government of India (GoI) has announced the sale (re-issue) of (i) ?7.33% Government Security 2026? for a notified amount of ₹6,000 crore (nominal) through price based auction using multiple price method, (ii) ?7.23% Government Security 2039? for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method, and (iii) ?7.34% Government Security 2064? for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹ 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India on May 03, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

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