Description
BSE announces non-competitive bidding facility for Government of India dated securities auction with two G-secs worth Rs 36,000 crores.
Summary
BSE has announced the availability of non-competitive bidding facility for the Government of India dated securities auction scheduled for August 22, 2025. Two G-secs worth Rs 36,000 crores will be available for bidding through BSE’s iBBS web-based system.
Key Points
- Two Government dated securities available for auction: 5.91% GS 2028 (Rs 6,000 cr) and 6.33% GS 2035 (Rs 30,000 cr)
- Both are re-issue securities with minimum subscription units of 100 and multiples thereof
- Minimum bidding amount: Rs 10,000, Maximum: Rs 2 crores
- Bidding through NCB-GSec module of iBBS platform at https://ibbs.bseindia.com
- 24-hour availability for bid collection starting August 19, 2025
Regulatory Changes
No new regulatory changes. This circular continues the existing non-competitive bidding facility launched in April 2018 for Government Securities auctions conducted by RBI.
Compliance Requirements
- Trading members must use BSE’s iBBS web-based system NCB-GSec module for bidding
- Members must adhere to minimum and maximum bidding limits
- Settlement obligations must be met as per ICCL requirements
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 institutional investors. The auction provides liquidity opportunities in government securities market. The re-issue nature indicates established securities with existing market presence. Contact support teams available for technical and operational queries during the bidding process.
Impact Justification
Regular G-sec auction with established bidding process, moderate impact on debt market participants