RBI To Auction ₹32,000 Crore Bonds
The Reserve Bank of India will conduct an auction of government bonds worth ₹32,000 crore on July 10 as part of the Centre’s market borrowing programme.
RBI Government Bond Auction On July 10
The auction will include dated Government of India securities with settlement scheduled for July 13. The borrowing will be raised through the re-issue of two securities.
The first is the 6.36% Government Security 2031 for a notified amount of ₹21,000 crore. The second is the 7.71% Government Security 2066 for ₹11,000 crore.
The government has also retained the option to accept additional subscriptions of up to ₹2,000 crore against each security if required.
Government Securities Auction Through e-Kuber
The auction will be conducted by the RBI’s Mumbai office through the multiple price method. Both competitive and non-competitive bids will be submitted electronically through the RBI’s e-Kuber platform.
Non-competitive bids will be accepted between 10:30 am and 11:00 am on July 10. Competitive bids can be submitted until 11:30 am, with the auction results expected to be declared on the same day.
Primary Dealers will also be allowed to submit bids for the Additional Competitive Underwriting portion between 9:00 am and 9:30 am.
Retail Investors Can Participate
The securities will be eligible for “When Issued” trading from July 7 to July 10. The minimum investment amount has been fixed at ₹10,000.
Eligible retail investors and institutions can participate under the non-competitive bidding segment. Individual investors can also take part through the RBI Retail Direct portal.
The bond auction forms part of the government’s regular borrowing programme to finance expenditure through sovereign debt instruments.
