The Finance Ministry announced the sale of government bonds worth Rs 34,000 crore in three lots through auctions to be conducted by the Reserve Bank of India in Mumbai on Friday (February 21) The first lot comprises \”6.75 per cent Government Security 2029\” for a notified amount of £14,000. The second lot consists of ‘6.98 per cent GOI SGrB 2054’ for a £5,000 amount. The third set of \”7.34 per cent government Security 2064\” is for a (£15,000) crore. The three lots will be sold through a price-based auction using the multiple price method. The result of the auctions will be announced on February 21 and the payment by successful bidders will have to be made on February 24 (Monday) The Securities will be eligible for \”When Issued\” trading in accordance with the guidelines on ‘WhenIssued transactions in Central Government Securities’ issued by the RBI/2018-19/25 dated July 24, 2018, as amended from time to time, the statement added.
The Finance Ministry announced the sale of government bonds ….
