Description

BSE announces non-competitive bidding facility for Government of India dated securities auction on August 22, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of Government of India dated securities scheduled for August 22, 2025. Trading members can participate in the auction for two G-sec re-issues worth ₹36,000 crores through BSE’s iBBS web-based system.

Key Points

  • Two G-sec re-issues available: 5.91% GS 2028 (₹6,000 cr) and 6.33% GS 2035 (₹30,000 cr)
  • Bidding through NCB-GSec module of iBBS platform at https://ibbs.bseindia.com
  • Minimum subscription units of ₹10,000 with maximum limit of ₹2 crores per security
  • 24-hour bid collection availability starting August 19, 2025 from 10:00 am
  • Different bid collection end dates for members and direct investors

Regulatory Changes

No new regulatory changes. This follows existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018 for non-competitive bidding facility in government securities auctions.

Compliance Requirements

  • Trading members must use designated NCB-GSec module for bidding
  • Adherence to minimum subscription units and maximum amount limits
  • Compliance with specified bidding timelines
  • Contact designated teams for queries related to user ID creation, bidding, and settlement obligations

Important Dates

  • Bid Collection Start: August 19, 2025, 10:00 am onwards
  • Bid Collection End (Members): August 22, 2025, 8:00 am
  • Bid Collection End (Direct Investors): August 21, 2025, 5:00 pm
  • Auction Date: August 22, 2025
  • Settlement Date: August 25, 2025

Impact Assessment

Moderate impact on debt market participants and government securities trading. Provides liquidity opportunity for institutional and retail investors in government securities. The ₹36,000 crore total issue size represents significant market activity that could influence government bond yields and debt market sentiment.

Impact Justification

Routine government securities auction with established procedures affecting debt market participants