RBI to Reissue Rs 27,000 Crore of Authorities Securities—Public sale Particulars Inside, ETCFO
Mumbai (Maharashtra) [India], June 17 (ANI): The Centre has introduced the sale (re-issue) of presidency securities totalling Rs 27,000 crore, in keeping with info offered by Reserve Financial institution of India (RBI).
The public sale can be break up into two tranches of Rs 15,000 crore at 6.75 per cent Authorities Safety (GS) maturing in 2029, and Rs 12,000 crore at 7.09 per cent GS maturing in 2054, the Finance Ministry notification mentioned.
Moreover, the Centre can have the choice to retain subscriptions of as much as Rs 2,000 crore towards the above securities.
A “re-issue” means the RBI is promoting extra of a bond that’s already obtainable within the securities market. This transfer is a part of the federal government’s common borrowing program.
The public sale can be carried out by the Reserve Financial institution of India, and the bids for the public sale must be submitted in digital format on the Reserve Financial institution of India Care Banking Answer (E Kuber) system on June 20, 2025.
“The non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m. and the aggressive bids must be submitted between 10:30 a.m. and 11:30 a.m.”
The results of the public sale can be positioned on the Reserve Financial institution of India on its web site (www.rbi.org.in) on June 20, 2025 and the profitable bidder must make cost on June 23, 2025 i.e. the date of re-issue.
Moreover, Curiosity will accrue on the nominal worth of the Securities from the date of authentic challenge or final coupon cost can be paid off half yearly. The Securities can be repaid at par on the date of maturity.
Earlier this month, the Reserve Financial institution of India additionally introduced the re-issue of two Authorities of India dated securities value a complete of Rs 32,000 crore. The 2 securities have been re-issued at 6.92 per cent Authorities Safety (GS) maturing on November 18, 2039, and the 6.90 per cent GS maturing on April 15, 2065. Every of those bonds can be issued for Rs 16,000 crore. (ANI)
