On November 24, 2025, the Government of India (GoI) announced the sale (re-issue) of four Government Securities through price based auction using multiple price method.
The securities are:
1. "5.91% Government Security 2028" for ₹9,000 crore (nominal)
2. "6.28% Government Security 2032" for ₹11,000 crore (nominal)
3. "7.24% Government Security 2055" for ₹7,000 crore (nominal)
4. "6.98% GOI SGrB 2054" for ₹5,000 crore (nominal)
GoI has the option to retain an additional subscription of up to ₹2,000 crore against each security.
The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 28, 2025 (Friday). Up to 5% of the notified amount will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility.
Both competitive and non-competitive bids must be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber system) on November 28, 2025. Non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m., and competitive bids between 10:30 a.m. and 11:30 a.m.
The auction results will be announced on November 28, 2025 (Friday), with payment due on December 01, 2025 (Monday).
The Securities are eligible for “When Issued” trading as per RBI circular No. RBI/2018-19/25 dated July 24, 2018.
Key Entities Referenced
Government Securities: Securities being auctioned, specifically '5.91% GS 2028', '6.28% GS 2032', '7.24% GS 2055', and '6.98% GOI SGrB 2054'.
Reserve Bank of India (RBI): The central bank responsible for conducting the auction.
Ministry of Finance: The ministry under which the government securities are being auctioned
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: Scheme that allows eligible individuals and institutions to participate in the auction
Ministry of Finance
Auction for Sale (re-issue) of (i) ‘5.91% GS
2028’ (ii) ‘6.28% GS 2032’ (iii) ‘7.24% GS 2055’
and (iv) ‘6.98% GOI SGrB 2054’
Posted On: 24 NOV 2025 7:17PM by PIB Delhi
The Government of India (GoI) has announced the sale (re-issue) of (i) “5.91% Government
Security 2028” for a notified amount of ₹9,000 crore (nominal) through price based auction using
multiple price method, (ii) “6.28% Government Security 2032” for a notified amount of ₹11,000
crore (nominal) through price based auction using multiple price method, (iii) “7.24% Government
Security 2055” for a notified amount of ₹7,000 crore (nominal) through price based auction using
multiple price method and (iv) “6.98% GOI SGrB 2054” for a notified amount of ₹5,000 crore
(nominal) through price based auction using multiple price method. GoI will have the option to
retain additional subscription up to ₹2,000 crore against each security mentioned above. The auction
will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 28,
2025 (Friday).
Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and
institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government
Securities.
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 November 28, 2025. 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 auction will be announced on November 28, 2025 (Friday) and payment by
successful bidders will be on December 01, 2025 (Monday).
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.
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NB/KMN
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