Description
BSE announces non-competitive bidding facility for Government of India dated securities auction scheduled for August 22, 2025.
Summary
BSE announces the availability of non-competitive bidding facility for Government of India dated securities auction on August 22, 2025. Two G-secs will be available: 5.91% GS 2028 (₹6,000 cr) and 6.33% GS 2035 (₹30,000 cr) through the NCB-GSec module of BSE’s iBBS platform.
Key Points
- Two GoI dated securities available for auction: 5.91% GS 2028 and 6.33% GS 2035
- Total issue size: ₹36,000 crores (₹6,000 cr + ₹30,000 cr)
- Non-competitive bidding through BSE’s iBBS web-based system
- Minimum subscription amount: ₹10,000 with ₹100 multiples
- Maximum bidding amount: ₹2 crores per security
- Both securities are re-issues
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 NCB-GSec module of iBBS platform for bidding
- Members must adhere to specified bidding timelines
- Minimum subscription units of ₹100 and minimum amount of ₹10,000
- Maximum bidding limit of ₹2 crores per security
Important Dates
- Bid Collection Start: August 19, 2025, 10:00 AM (24-hour availability)
- 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
Medium impact on debt market participants and institutional investors. Provides opportunity for non-competitive participation in government securities auction with substantial issue size of ₹36,000 crores. Regular auction process supports government borrowing program and provides investment avenue for market participants.
Impact Justification
Regular government securities auction with established procedures affecting debt market participants