Description

BSE announces non-competitive bidding facility for RBI's auction of two Government of India dated securities worth Rs 28,000 crores on September 12, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of Government of India dated securities scheduled for September 12, 2025. Two G-sec securities totaling Rs 28,000 crores will be available for bidding through BSE’s iBBS web-based system.

Key Points

  • Two G-sec securities available: 6.01% GS 2030 (Rs 15,000 crores) and 7.24% GS 2055 (Rs 13,000 crores)
  • Both are re-issue securities with minimum subscription units of 100 and minimum amount of Rs 10,000
  • Maximum bidding amount capped at Rs 2 crores per security
  • Bidding through BSE’s iBBS NCB-GSec module available 24 hours during collection period
  • Settlement date: September 15, 2025

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 in government securities auctions.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system NCB-GSec module for bidding
  • Adherence to minimum and maximum bidding limits
  • Compliance with bid collection timelines for members and direct investors

Important Dates

  • Bid Collection Start: September 09, 2025, 10:00 AM onwards
  • Bid Collection End (Members): September 12, 2025, 8:00 AM
  • Bid Collection End (Direct Investors): September 11, 2025, 5:00 PM
  • Auction Date: September 12, 2025
  • Settlement Date: September 15, 2025

Impact Assessment

This auction provides investment opportunity in government securities for institutional investors and trading members. The availability of both medium-term (2030) and long-term (2055) securities offers portfolio diversification options. The Rs 28,000 crore combined issuance size indicates significant government borrowing requirement and liquidity injection into the debt market.

Impact Justification

Routine government securities auction announcement affecting debt market participants and institutional investors