Description

RBI announces auction of two Government of India dated securities (6.01% GS 2030 and 7.09% GS 2074) through non-competitive bidding facility on November 21, 2025.

Summary

BSE notifies trading members about the upcoming auction of Government of India dated securities on November 21, 2025, through the non-competitive bidding (NCB) facility. The RBI will auction two G-secs: 6.01% GS 2030 (re-issue of Rs 18,000 crores) and 7.09% GS 2074 (re-issue of Rs 12,000 crores). Members can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs available for auction: 6.01% GS 2030 and 7.09% GS 2074
  • Total issue size: Rs 30,000 crores (Rs 18,000 crores + Rs 12,000 crores)
  • Both securities are re-issues, not new issuances
  • Minimum subscription: 100 units (Rs 10,000)
  • Maximum bid amount: Rs 2 crores per security
  • Bidding platform: BSE’s iBBS web-based system (NCB-GSec module)
  • Settlement to occur on T+3 basis

Regulatory Changes

No regulatory changes. This circular references existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018, regarding non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

For Trading Members:

  • Submit bids through NCB-GSec module at https://ibbs.bseindia.com
  • Ensure bids comply with minimum (Rs 10,000) and maximum (Rs 2 crores) limits
  • Complete bid submission by November 21, 2025, 8:00 AM
  • Fulfill pay-in obligations by settlement date

For Direct Investors:

  • Submit bids by November 20, 2025, 5:00 PM (earlier deadline than members)

Important Dates

  • November 18, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • November 20, 2025, 5:00 PM: Bid collection ends for direct investors
  • November 21, 2025, 8:00 AM: Bid collection ends for trading members
  • November 21, 2025: Auction date
  • November 24, 2025: Settlement date (T+3)

Impact Assessment

Market Impact: Minimal. This is a routine G-sec auction providing investment opportunities in government debt securities. The re-issuance of existing securities adds liquidity to these specific G-secs.

Operational Impact: Low. Standard non-competitive bidding process using established BSE infrastructure. No changes to existing procedures or systems.

Investor Impact: Provides retail and institutional investors access to long-term government securities with maturities in 2030 and 2074. The non-competitive route allows smaller investors to participate without competing on price with primary dealers.

Contact Information

Impact Justification

Routine G-sec auction notification with standard bidding process. No changes to regulations or procedures. Limited to debt market participants.