Description

RBI announces auction of two Government of India dated securities totaling Rs. 28,000 crores through non-competitive bidding facility on November 14, 2025.

Summary

BSE announces non-competitive bidding facility for the auction of two Government of India dated securities on November 14, 2025, following RBI’s press release dated November 10, 2025. The auction includes re-issue of 6.68% GS 2040 (Rs. 16,000 crores) and 6.90% GS 2065 (Rs. 12,000 crores). Trading members can bid through BSE’s iBBS NCB-GSec module with different deadlines for members and direct investors.

Key Points

  • Two G-secs available for auction: 6.68% GS 2040 and 6.90% GS 2065
  • Total auction size: Rs. 28,000 crores (Rs. 16,000 crores + Rs. 12,000 crores)
  • Bidding through BSE’s iBBS web-based NCB-GSec module at https://ibbs.bseindia.com
  • Minimum subscription: 100 units (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crores per security
  • Bid collection starts November 11, 2025 at 10:00 AM (24-hour availability)
  • Settlement date: November 17, 2025
  • Reference to Exchange circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular reiterates the existing non-competitive bidding facility for G-sec auctions established under Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS NCB-GSec module for bidding
  • Members must submit bids by November 14, 2025, 8:00 AM
  • Direct investors must submit bids by November 13, 2025, 5:00 PM
  • Minimum bid amount: Rs. 10,000 (100 units)
  • Maximum bid amount: Rs. 2 crores per security
  • Subscription in multiples of 100 units

Important Dates

  • RBI Press Release: November 10, 2025
  • Bid Collection Start: November 11, 2025, 10:00 AM onwards
  • Bid Collection End (Direct Investors): November 13, 2025, 5:00 PM
  • Bid Collection End (Trading Members): November 14, 2025, 8:00 AM
  • Auction Date: November 14, 2025
  • Settlement Date: November 17, 2025

Impact Assessment

Market Impact: Medium - affects debt market participants interested in government securities. The auction provides liquidity opportunities for both institutional and retail investors through the non-competitive bidding route.

Operational Impact: Trading members and direct investors need to ensure timely bid submission through BSE’s iBBS platform. Different deadlines for members (November 14, 8:00 AM) and direct investors (November 13, 5:00 PM) require careful attention.

Contact Support: BSE provides dedicated support teams for user ID creation, bidding queries, and settlement-related issues with specified contact details for smooth participation in the auction process.

Impact Justification

Medium importance as this is a routine G-sec auction announcement affecting debt market participants. Medium impact limited to trading members and direct investors participating in government securities auctions.