The Government of India (Gol) has announced the sale (re-issue) of “6.48% Government Security 2035” for a notified amount of ₹32,000 crore (nominal) through a price-based auction using a multiple price method. Gol will have the option to retain additional subscription up to ₹2,000 crore against the security mentioned above. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 05, 2025 (Friday). Up to 5% of the notified amount of the sale of the security 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 December 05, 2025. The non-competitive bids should be submitted between 12:30 p.m. and 01:00 p.m. and the competitive bids should be submitted between 12:30 p.m. and 01:30p.m. The result of the auction will be announced on December 05, 2025 (Friday) and payment by successful bidders will be on December 08, 2025 (Monday). The Security 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. The document is issued by the Government of India, Ministry of Finance, Department of Economic Affairs, Budget Division, Kartavya Bhawan-1, New Delhi - 110001, and is dated December 01, 2025.
Key Entities Referenced
6.48% Government Security 2035: A specific government security being re-issued via auction.
Reserve Bank of India: The central bank conducting the auction.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: Scheme for allotting a portion of the security sale to eligible individuals and institutions.
Mumbai: Location of the Reserve Bank of India office where the auction is conducted.
PRESS COMMUNIQUE
Government of India (GoI) has announced the sale (re-issue) of “6.48% Government
Security 2035” for a notified amount of ₹32,000 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 the security mentioned above. The auction will be
conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 05,
2025 (Friday).
2. Up to 5% of the notified amount of the sale of the security will be allotted to eligible
individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the
Auction of Government Securities.
3. 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 December 05, 2025. The non-competitive bids should be submitted between 12:30
p.m. and 01:00 p.m. and the competitive bids should be submitted between 12:30 p.m.
and 01:30 p.m.
4. The result of the auction will be announced on December 05, 2025 (Friday) and
payment by successful bidders will be on December 08, 2025 (Monday).
5. The Security 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.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
BUDGET DIVISION
KARTAVYA BHAWAN-1, NEW DELHI - 110001
Dated: December 01, 2025