Description

BSE announces non-competitive bidding facility for GoI Treasury Bills auction with three securities totaling Rs. 21,000 crores on September 3, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of three Treasury Bills scheduled for September 3, 2025, following RBI’s press release. The auction will offer 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 21,000 crores through BSE’s iBBS web-based bidding platform.

Key Points

  • Three Treasury Bills to be auctioned: 91-day (Rs. 10,000 Cr), 182-day (Rs. 6,000 Cr), and 364-day (Rs. 5,000 Cr)
  • Non-competitive bidding available through NCB-GSec module of iBBS platform
  • Minimum lot size of Rs. 10,000 with multiples of 100 for all securities
  • Different bid collection deadlines for direct investors and trading members
  • Settlement on September 4, 2025

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding facility launched in April 2018 for government securities auctions.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system for bidding
  • Direct investors must submit bids by September 2, 2025, 5:00 PM
  • Trading members must submit bids by September 3, 2025, 8:00 AM
  • Maximum bidding limits: Rs. 500 Cr (91-day), Rs. 300 Cr (182-day), Rs. 250 Cr (364-day)

Important Dates

  • Bid Collection Start: September 1, 2025, 10:00 AM (24-hour availability)
  • Direct Investor Deadline: September 2, 2025, 5:00 PM
  • Member Deadline: September 3, 2025, 8:00 AM
  • Auction Date: September 3, 2025
  • Settlement Date: September 4, 2025

Impact Assessment

Moderate impact on debt market participants and institutional investors. The facility provides retail and institutional investors access to government securities through a simplified bidding process. The Rs. 21,000 crore offering represents significant liquidity injection into the money market across three different maturity segments.

Impact Justification

Regular treasury bill auction facility with standard procedures, moderate impact on debt market participants