**Summary:**
The Government of India (GoI) has announced the sale reissue of two government securities via auction, conducted by the Reserve Bank of India (RBI) in Mumbai on August 8, 2025. The first security is a reissue of the 6.28 Government Security 2032, with a notified amount of ₹11,000 crore nominal. The second is a reissue of the 7.09 Government Security 2074, with a notified amount of ₹14,000 crore nominal. Both auctions will utilize a price-based auction method with multiple price determination. GoI reserves the option to retain additional subscriptions of up to ₹2,000 crore for each security. Up to 5% of the notified amount for each security is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding. Both competitive and non-competitive bids must be submitted electronically via the RBI's e-Kuber system on August 8, 2025. Non-competitive bids are to be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids are to be submitted between 10:30 a.m. and 11:30 a.m. The auction results will be announced on August 8, 2025, and payment by successful bidders is due on August 11, 2025. The securities are eligible for When Issued trading, following RBI guidelines outlined in circular No. RBI/2018-19/25 dated July 24, 2018, as amended.
Key Entities Referenced
Ministry of Finance: The ministry responsible for financial matters in the Government of India.
6.28 GS 2032: Government Security maturing in 2032 with a coupon rate of 6.28%.
7.09 GS 2074: Government Security maturing in 2074 with a coupon rate of 7.09%.
Reserve Bank of India: The central bank of India, responsible for conducting the auction.
Mumbai, Maharashtra: The city in which the Reserve Bank of India office is located and where the auctions will be conducted.
Government Security: A debt instrument issued by the government.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: A scheme allowing eligible individuals and institutions to participate in government security auctions non-competitively.
RBI20181925: Circular number issued by the Reserve Bank of India pertaining to When Issued transactions in Central Government Securities.
Ministry of Finance
Auction for Sale (re-issue) of (i) ‘6.28% GS 2032’ and
(ii) ‘7.09% GS 2074’
Posted On: 04 AUG 2025 6:21PM by PIB Delhi
The Government of India (GoI) has announced the sale (re-issue) of (i) “6.28% Government Security 2032”
for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method
and (ii) “7.09% Government Security 2074” for a notified amount of ₹14,000 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 auctions will be conducted by the Reserve Bank
of India, Mumbai Office, Fort, Mumbai on August 08, 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 August 08, 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 auctions will be announced on August 08, 2025 (Friday) and payment by successful bidders
will be on August 11, 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
(Release ID: 2152235)