The Government of India (GOI) has announced the Reissue of securities through a price-based auction using the price-based method. 7.38 per cent Government Security, 2027 for a notified amount of Rs 9,000 crore. Floating Rate Bonds of the government, 2028 for a notified amount of Rs 4,000 crore. 7.54 per cent of its Security 2036 for a notified amount of Rs 11,000 crore. 6.99 per cent Government Security 2051 for a notified amount of Rs 8,000 crore.
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The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each security mentioned above. On 12 August 2022, the auctions will be conducted by the Reserve Bank of India (RBI) up to 5 per cent 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.
