Description
BSE announces non-competitive bidding facility for two Government of India dated securities auction scheduled for September 4, 2025.
Summary
BSE has announced the availability of non-competitive bidding facility for the Government of India securities auction scheduled for September 4, 2025. Two dated securities - 6.28% GS 2032 and 7.09% GS 2074 - will be available for re-issue with a combined issue size of Rs 25,000 crores.
Key Points
- Two G-Secs available for re-issue: 6.28% GS 2032 (Rs 11,000 cr) and 7.09% GS 2074 (Rs 14,000 cr)
- Bidding through BSE’s iBBS web-based system NCB-GSec module
- Minimum subscription: 100 units (Rs 10,000)
- Maximum subscription: Rs 2 crores per security
- Settlement date: September 8, 2025
Regulatory Changes
No regulatory changes announced. This follows the existing framework established under Exchange circular no. 20180423-42 dated April 23, 2018.
Compliance Requirements
- Trading members must use the iBBS platform (https://ibbs.bseindia.com) for bidding
- Members must submit bids by September 4, 2025, 8:00 AM
- Direct investors must submit bids by September 3, 2025, 5:00 PM
- Minimum subscription requirements must be met (100 units or Rs 10,000)
Important Dates
- Bid Collection Start: September 2, 2025, 10:00 AM
- Direct Investor Deadline: September 3, 2025, 5:00 PM
- Member Deadline: September 4, 2025, 8:00 AM
- Auction Date: September 4, 2025
- Settlement Date: September 8, 2025
Impact Assessment
Minimal market impact as this is a routine government securities auction. The re-issue of existing securities (6.28% GS 2032 and 7.09% GS 2074) provides additional liquidity in the government bond market. The non-competitive bidding facility enables retail and institutional investors to participate without competing on yield, supporting broader market participation in government debt.
Impact Justification
Routine government securities auction announcement with standard bidding procedures