GOI announces the sale of two dated securities for a notified amount of Rs 22,000 crore

The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 7.02% GS 2031 for a notified amount of Rs 11,000 cror and (ii) 7.34% GS 2064 for a notified amount of Rs 11,000 crore. The auction will be conducted using multiple price method. 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 July 12, 2024 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.