GoI Reissues Two Dated Securities for ₹28,000 Crore

Press Releases - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Press Releases Press Releases ( 366 kb ) Date : Jun 22, 2026 Auction of Government of India Dated Securities Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹28,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.68% GS 2040 Jul 07, 2040 17,000 F.No.4(1)-B(W&M)/2026 dated June 22, 2026 June 25, 2026 (Thursday) June 29, 2026 (Monday) 2 7.43% GS 2076 Jan 19, 2076 11,000   Total   28,000       2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. 3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–B(W&M)/2018, dated March 26, 2025 . 4. The auction will be conducted using multiple price method . 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 June 25, 2026 (Thursday) . 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 will be announced on the same day and payment by successful bidders will have to be made on June 29, 2026 (Monday) . 5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 09:00 a.m. up to 09:30 a.m. on June 25, 2026 (Thursday) on the Reserve Bank of India Core Banking Solution (e-Kuber system). 6. The securities will be eligible for “When Issued” trading for a period commencing from June 23, 2026 – June 25, 2026 . 7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex . Ajit Prasad            Deputy General Manager (Communications)     Press Release: 2026-2027/515 ANNEX Type of Auction 1. For multiple price-based auction, successful bids will get accepted at the respective quoted yield/price for the security. For uniform price-based auction, bids will get accepted at the cut off yield/price accepted in the auction. 2. The auction will be yield based for new security and price based for securities which are re-issued. 3. In case of a Floating Rate Bonds (FRB), the auction will be spread-based for new security and price based for securities which are reissued. At the time of placing bids for new FRB, the spread should be quoted in percentage terms. Minimum Bid Size 4. The securities will be issued for a minimum amount of ₹10,000/- (nominal) and in multiples of ₹10,000/- thereafter. Non-Competitive Segment 5. In all the auctions, Government security up to 5% of the notified amount for sale of individual security will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities . Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal ( https://rbiretaildirect.org.in ). 6. Each bank or Primary Dealer (PD) on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid for individual security on behalf of its constituents in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber system). 7. Allotment under the non-competitive segment will be at the weighted average rate of yield/price of the successful bids that will emerge in the auction on the basis of the competitive bidding. Submission of Bids 8. 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). 9. Bids in physical form will not be accepted except in extraordinary circumstances. Business Continuity Plan (BCP)-IT failure 10. Only in the event of system failure, physical bids will be accepted. Such physical bids should be submitted to the Public Debt Office, Mumbai through ( email ; Phone no: 022-22603456, 022-22603457, 022-22603190) in the prescribed form which can be obtained from RBI website ( https://www.rbi.org.in/Scripts/BS_ViewForms.aspx ) before the auction timing ends. 11. In case of technical difficulties, Core Banking Operations Team should be contacted ( email ; Phone no: 022-69870466, 022-69870415). 12. For other auction related difficulties, IDMD auction team can be contacted ( email ; Phone no: 022-22702431, 022-22705125). Multiple Bids 13. An investor can submit more than one competitive bid in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber system). 14. The aggregate amount of bids submitted by an investor in an auction should not exceed the notified amount of auction. Decision Making Process 15. On the basis of bids received, the Reserve Bank will determine the minimum price/maximum yield up to which tenders for purchase of Government Security will be accepted at the auctions. 16. Bids quoted at rates lower than the minimum price/higher than the maximum yield determined by the Reserve Bank of India will be rejected. 17. Reserve Bank of India will have the full discretion to accept or reject any or all bids either wholly or partially without assigning any reason. Issue of Securities 18. Issue of securities to the successful bidders will be by credit to Subsidiary General Ledger Account (SGL) or to Constituents' Subsidiary General Ledger Account (CSGL), maintained with Reserve Bank of India. Periodicity of Interest Payment 19. Interest on the Government Security will generally be paid half-yearly other than in case of securities with non-standard maturities. The exact periodicity of coupon payment is invariably mentioned in the specific notification for the issue of security. Underwriting of the Government Securities 20. The underwriting of the Government Securities under auctions by the 'Primary Dealers' will be as per the "Revised Scheme of Underwriting Commitment and Liquidity Support" announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007 as amended from time to time. Eligibility for Repurchase Transactions (Repo) 21. The securities will be eligible for Repurchase Transactions (Repo) as per the conditions mentioned in Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions, 2025 as amended from time to time. Eligibility for 'When Issued' Trading 22. The securities will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time. Investment by Non-Residents 23. Investments by Non-Residents are subject to the guidelines on ' Fully Accessible Route ' for Investment by Non-residents in Government Securities and other related guidelines as issued by the Reserve Bank from time to time. 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December 1990 All Months January February March April May June July August September October November December Top Back to previous page More Links Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-08/186 · issued FY 2007-08. The plain-English explanation above is BankPulse’s own independent summary.