The Government of India (GoI) has announced the sale (re-issue) of: (i) "6.68% Government Security 2040" for ₹16,000 crore (nominal) and (ii) "6.90% Government Security 2065" for ₹12,000 crore (nominal). Both will be sold through price-based auction using multiple price method. GoI may retain additional subscription up to ₹2,000 crore per security. Auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 10, 2025 (Friday). Up to 5% of the notified amount will be allotted to eligible individuals/institutions via the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via the RBI's E-Kuber system on October 10, 2025. Non-competitive bids: 10:30 a.m. - 11:00 a.m.; Competitive bids: 10:30 a.m. - 11:30 a.m. Auction results will be announced on October 10, 2025 (Friday); payment is due by successful bidders on October 13, 2025 (Monday). The securities are eligible for "When Issued" trading per RBI circular No. RBI/2018-19/25 dated July 24, 2018 (amended). This announcement is from the Government of India, Ministry of Finance, Department of Economic Affairs, Budget Division, Kartavya Bhavan-1, New Delhi - 110001, dated October 06, 2025.
Key Entities Referenced
Reserve Bank of India: Conducts the auctions and issues guidelines for government securities.
6.68% Government Security 2040: One of the government securities being re-issued.
6.90% Government Security 2065: One of the government securities being re-issued.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: Scheme allowing individuals and institutions to bid non-competitively.
PRESS COMMUNIQUE
Government of India (GoI) has announced the sale (re-issue) of (i) “6.68% Government
Security 2040” for a notified amount of ₹16,000 crore (nominal) through price based
auction using multiple price method and (ii) “6.90% Government Security 2065” for a
notified amount of ₹12,000 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 October 10, 2025 (Friday).
2. 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.
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 October 10, 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.
4. The result of the auctions will be announced on October 10, 2025 (Friday) and
payment by successful bidders will be on October 13, 2025 (Monday).
5. 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.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
BUDGET DIVISION, KARTAVYA BHAVAN-1,
NEW DELHI - 110001
Dated: October 06, 2025