India, April 28 -- The Government of India issued the following news release:
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) "6.64% Government Security 2027" for a notified amount of rs 6,000 crore (nominal) through price based auction using multiple price method and (ii) "New Government Security 2035" for a notified amount of rs 30,000 crore (nominal) through yield based auction using multiple price method. GoI will have the option to retain additional subscription up to rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 02, 2025 (Friday).
Up to 5% of the notified amount of the sale of the securities will be a...