Home / Business / RBI Announces Reissue Of Govt Securities Worth Rs 27000 Crore In Two Tranches
RBI Announces Reissue Of Govt Securities Worth Rs 27000 Crore In Two Tranches

RBI Announces Reissue Of Govt Securities Worth Rs 27000 Crore In Two Tranches

Mumbai: The Centre has introduced the sale (re-issue) of presidency securities totaling Rs 27,000 crore, in line with knowledge equipped through the Reserve Bank of India (RBI). The public sale can be cut up into two tranches: Rs 15,000 crore of the 6.75 in keeping with cent Government Security (GS) maturing in 2029, and Rs 12,000 crore of the 7.09 in keeping with cent GS maturing in 2054, the Finance Ministry notification mentioned.

Additionally, the Centre will find a way to retain subscriptions of as much as Rs 2,000 crore in opposition to the above securities. A “re-issue” approach the RBI is promoting extra of a bond this is already to be had within the securities marketplace. This transfer is a part of the federal government’s common borrowing program.

The public sale can be carried out through the Reserve Bank of India, and bids will have to be submitted in digital structure at the Reserve Bank of India’s Core Banking Solution (E-Kuber) gadget on June 20, 2025. Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., and aggressive bids must be submitted between 10:30 a.m. and 11:30 a.m.

The result of the public sale can be printed at the RBI’s web page (www.rbi.org.in) on June 20, 2025, and a hit bidders can be required to make cost on June 23, 2025 — the date of the re-issue.

Furthermore, pastime will accrue at the nominal price of the securities from the date of the unique situation or the closing coupon cost, and can be paid half-yearly. The securities can be repaid at par at the date of adulthood.

Earlier this month, the Reserve Bank of India additionally introduced the re-issue of 2 Government of India dated securities price a complete of Rs 32,000 crore. The two securities have been re-issued at 6.92 in keeping with cent Government Security (GS) maturing on November 18, 2039, and 6.90 in keeping with cent GS maturing on April 15, 2065. Each of those bonds can be issued for Rs 16,000 crore.


Source hyperlink

About Global News Post

mail

Check Also

Kraft Heinz to take away synthetic dyes from U.S. merchandise through finish of 2027

Kraft Heinz to take away synthetic dyes from U.S. merchandise through finish of 2027

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale retailer on April 27, 2025 …

Leave a Reply

Your email address will not be published. Required fields are marked *