Govt bonds :2024 worth Rs 30,000 crore to come up for auction on April 12

Govt bonds worth Rs 30,000 crore to come up for auction on April 12


New Delhi, April 8 (IANS) The Finance Ministry on Monday announced the sale of government bonds worth Rs 30,000 crore in three different categories that will be put up for auction by the RBI’s Mumbai Office on April 12 (Friday).


Govt bonds

The bonds include 7.32 per cent Government Security 2030 for a notified amount of Rs 11,000 crore through price-based auction using price method, (ii) New Government Security 2039 worth Rs 10,000 crore through yield-based auction using multiple price method, and (iii) 7.30 per cent Government Security 2053 for an amount of Rs 9,000 crore through price based auction using multiple price method.

The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.

Up to 5 per cent of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions in accordance with the scheme for non-competitive bidding facility in the auction of Government securities.

Govt bonds


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 April 12, 2024. 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 of the auctions will be announced on April 12 and payment by successful bidders will be on April 15.

The securities will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by RBI, the Finance Ministry added.

Yes, that’s correct! The Indian government will be auctioning off ₹30,000 crore worth of government bonds on April 12, 2024 [2]. This auction is being conducted by the Reserve Bank of India (RBI) to manage the government’s borrowing needs.

Govt bonds

Here’s a quick breakdown of the key details:

  • Auction Date: Friday, April 12, 2024
  • Auction Value: ₹30,000 crore
  • Bond Categories: The bonds will be offered in three different categories with varying maturities [2].
  • Auction Method: The auction will be conducted electronically on the RBI’s E-Kuber system [2].
  • Eligibility: Both individuals and institutions can participate in the auction through competitive and non-competitive bidding options [2].

If you’re interested in learning more about the specific bonds offered or the auction process, you can visit the RBI’s website for detailed information.


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