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 December 12, 2025, with total issue size of Rs. 28,000 crores.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of two Government of India dated securities scheduled for December 12, 2025. The auction includes re-issuance of 6.68% GS 2040 (Rs. 16,000 crores) and 6.90% GS 2065 (Rs. 12,000 crores). Trading members and direct investors can participate through the NCB-GSec module on BSE’s iBBS web-based platform.

Key Points

  • Two G-Sec securities available for auction: 6.68% GS 2040 and 6.90% GS 2065
  • Total issue size of Rs. 28,000 crores (Rs. 16,000 crores + Rs. 12,000 crores)
  • Both securities are re-issues, not new issuances
  • Minimum subscription units: 100 units (Rs. 10,000 minimum amount)
  • Maximum bidding amount: Rs. 2 crores per security
  • Bidding available through BSE’s iBBS web-based NCB-GSec module
  • Facility open to both trading members and direct investors

Regulatory Changes

No new regulatory changes. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, which originally launched the non-competitive bidding facility for Government Securities auctions conducted by RBI.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS web-based system at https://ibbs.bseindia.com
  • Members must submit bids within the specified timelines
  • Minimum bid amount: Rs. 10,000 (100 units)
  • Maximum bid amount: Rs. 2 crores per security
  • Bidding must be done in multiples of minimum subscription units

Important Dates

  • Notice Date: December 09, 2025
  • Bid Collection Start: December 09, 2025, from 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Direct Investors): December 11, 2025, till 5:00 PM
  • Bid Collection End (Trading Members): December 12, 2025, till 8:00 AM
  • Auction Date: December 12, 2025
  • Settlement Date: December 15, 2025

Impact Assessment

Market Impact: Minimal direct impact on equity markets. This is a routine government securities auction facility notification relevant primarily to debt segment participants.

Operational Impact: Trading members and investors interested in government securities can participate in the non-competitive bidding process. The two securities offer long-term investment options with maturity dates in 2040 and 2065.

Investor Impact: Provides retail and institutional investors an opportunity to invest in government securities through a simplified non-competitive bidding mechanism without competing with large institutional bidders in the competitive segment.

Contact Information

Impact Justification

Routine notification for government securities auction with standard non-competitive bidding process. Limited impact on equity markets and primarily relevant to debt segment participants.