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Auction of Government of India Dated Securities

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Published26 Oct 2026, 6:20 pm
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Government of India (GoI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹33,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.20% GS 2029 Aug 17, 2029 9,000 F.No.4(1)-B(W&M)/2026 dated October 26, 2026 October 30, 2026 (Friday) November 02, 2026 (Monday) 2 6.57% GS 2033 Aug 17, 2033 12,000 3 7.63% GS 2056 Sep 15, 2056 9,000 4 7.50% GOI SGrB 2056 Apr 27, 2056 3,000 Total 33,000 2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. 3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–B(W&M)/2018, dated March 26, 2025 . 4. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on October 30, 2026 (Friday). The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on November 02, 2026 (Monday). 5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 09:00 a.m. up to 09:30 a.m. on October 30, 2026 (Friday) on the Reserve Bank of India Core Banking Solution (e-Kuber system). 6. The securities will be eligible for “When Issued” trading for a period commencing from October 27, 2026 – October 30, 2026. 7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex . Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1390 ANNEX Type of Auction 1. For multiple price-based auction, successful bids will get accepted at the respective quoted yield/price for the security. For uniform price-based auction, bids will get accepted at the cut off yield/price accepted in the auction. 2. The auction will be yield based for new security and price based for securities which are re-issued. 3. In case of a Floating Rate Bonds (FRB), the auction will be spread-based for new security and price based for securities which are reissued. At the time of placing bids for new FRB, the spread should be quoted in percentage terms. Minimum Bid Size 4. The securities will be issued for a minimum amount of ₹10,000/- (nominal) and in multiples of ₹10,000/- thereafter. Non-Competitive Segment 5. In all the auctions, Government security up to 5% of the notified amount for sale of individual security will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities . Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal ( https://rbiretaildirect.org.in ). 6. Each bank or Primary Dealer (PD) on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid for individual security on behalf of its constituents in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system). 7. Allotment under the non-competitive segment will be at the weighted average rate of yield/price of the successful bids that will emerge in the auction on the basis of the competitive bidding. Submission of Bids 8. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system). 9. Bids in physical form will not be accepted except in extraordinary circumstances. Business Continuity Plan (BCP)-IT failure 10. Only in the event of system failure, physical bids will be accepted. Such physical bids should be submitted to the Public Debt Office, Mumbai through ( email ; Phone no: 022-22603456, 022-22603457, 022-22603190) in the prescribed form which can be obtained from RBI website ( https://www.rbi.org.in/Scripts/BS_ViewForms.aspx ) before the auction timing ends. 11. In case of technical difficulties, Core Banking Operations Team should be contacted ( email ; Phone no: 022-69870466, 022-69870415). 12. For other auction related difficulties, IDMD auction team can be contacted ( email ; Phone no: 022-22702431, 022-22705125). Multiple Bids 13. An investor can submit more than one competitive bid in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system). 14. The aggregate amount of bids submitted by an investor in an auction should not exceed the notified amount of auction. Decision Making Process 15. On the basis of bids received, th