Auction Structure and Security Details

The Government of India has scheduled a re-issue sale of two dated securities aiming to raise a notified amount of Rs 28,000 crore. The offering comprises the 7.06 percent Government Securities maturing in July 2041 for Rs 17,000 crore, and the 7.43 percent Government Securities maturing in January 2076 for Rs 11,000 crore. Additionally, the government retains the option to accept green shoe retention of up to Rs 2,000 crore for each security.

Bidding Timeline and Process

The auction will be executed by the Reserve Bank of India Mumbai Office through a multiple price-based method on its Core Banking Solution e-Kuber system. Eligible participants must submit their electronic bids on August 21, 2026. Non-competitive bids are scheduled between 10:30 a.m. and 11:00 a.m., while competitive bids will be accepted from 10:30 a.m. to 11:30 a.m. Primary dealers can apply for additional competitive underwriting between 9:00 a.m. and 9:30 a.m. on the same day. Settlement and payment by successful applicants are slated for August 24, 2026.

Trading Eligibility and Guidelines

The notified securities qualify for When Issued trading from August 18, 2026, through August 21, 2026. Individual investors can participate through the Retail Direct portal, subject to specific non-competitive scheme allocations. Successful allotments will reflect directly in Subsidiary General Ledger or Constituents Subsidiary General Ledger accounts.

• Minimum investment fixed at Rs 10,000 with multiples thereof
• Non-competitive segment capped at 5 percent of the notified amount
• Physical bids restricted solely to extraordinary technical failure scenarios

Primary source: This independent news summary is based on official information from Reserve Bank of India. Read the original document for complete details.