Description

BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) scheduled for October 10, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of Government of India dated securities scheduled for October 10, 2025. Two G-secs will be auctioned: 6.68% GS 2040 (re-issue of Rs. 16,000 crore) and 6.90% GS 2065 (re-issue of Rs. 12,000 crore). Trading members can participate through the NCB-GSec module on BSE’s iBBS web-based system.

Key Points

  • Two GoI dated securities available for non-competitive bidding: 6.68% GS 2040 and 6.90% GS 2065
  • Both are re-issues with issue sizes of Rs. 16,000 crore and Rs. 12,000 crore respectively
  • Minimum subscription units: 100 with minimum amount of Rs. 10,000
  • Maximum bidding amount: Rs. 2 crores per security
  • Bidding platform: NCB-GSec module on iBBS web-based system (https://ibbs.bseindia.com)
  • Reference to earlier circular dated April 23, 2018 (No. 20180423-42) on NCB facility launch

Regulatory Changes

No regulatory changes. This is a routine operational circular following the existing non-competitive bidding framework established in April 2018.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Members must adhere to specified bidding limits (minimum Rs. 10,000, maximum Rs. 2 crores)
  • Bids must be placed within the designated collection periods for members and direct investors
  • Pay-in obligations must be fulfilled as per settlement schedule

Important Dates

  • October 06, 2025: RBI press release announcing auction
  • October 07, 2025: Bid collection starts at 10:00 am (24-hour availability)
  • October 09, 2025: Bid collection end for Direct Investors (till 5:00 pm)
  • October 10, 2025: Bid collection end for Members (till 8:00 am); Auction date
  • October 13, 2025: Settlement date

Impact Assessment

Market Impact: Low. This is a routine government securities auction conducted through established non-competitive bidding mechanism. The facility provides retail and non-institutional investors access to G-sec auctions without competing with primary dealers.

Operational Impact: Limited to debt segment participants. Trading members and direct investors interested in government securities can participate with clearly defined bidding parameters. The circular provides comprehensive contact information for technical, bidding, and settlement queries across BSE and ICCL teams.

Securities Details:

  • 6.68% GS 2040 (Symbol: 668GS40O25) - 15-year maturity, Rs. 16,000 crore
  • 6.90% GS 2065 (Symbol: 690GS65O25) - 40-year maturity, Rs. 12,000 crore

Impact Justification

Routine operational circular for G-sec auction participation through NCB facility. Limited to debt segment participants with standard bidding parameters.