Description

BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities (6.01% GS 2030 and 7.09% GS 2074) totaling Rs 30,000 crore on December 19, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for trading members and direct investors to participate in the RBI auction of Government of India dated securities scheduled for December 19, 2025. Two G-secs will be auctioned: 6.01% GS 2030 (re-issue of Rs 18,000 crore) and 7.09% GS 2074 (re-issue of Rs 12,000 crore). Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two Government of India dated securities will be auctioned on December 19, 2025
  • 6.01% GS 2030: Re-issue of Rs 18,000 crore with maturity in 2030
  • 7.09% GS 2074: Re-issue of Rs 12,000 crore with maturity in 2074
  • Non-competitive bidding available through BSE’s iBBS platform (NCB-GSec module)
  • Minimum subscription: 100 units (Rs 10,000)
  • Maximum bid amount: Rs 2 crore per security
  • Bid collection for members: December 16, 2025 (10:00 am) to December 19, 2025 (8:00 am)
  • Bid collection for direct investors: December 16, 2025 (10:00 am) to December 18, 2025 (5:00 pm)
  • Settlement date: December 22, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS web-based system at https://ibbs.bseindia.com
  • Members must adhere to bid collection deadlines: December 19, 2025, till 8:00 am
  • Direct investors have an earlier deadline: December 18, 2025, till 5:00 pm
  • Minimum bid amount: Rs 10,000 (100 units)
  • Maximum bid amount: Rs 2 crore per security
  • Members must ensure timely pay-in and settlement obligations

Important Dates

  • December 16, 2025: Bid collection starts at 10:00 am (24-hour availability)
  • December 18, 2025: Bid collection end for direct investors at 5:00 pm
  • December 19, 2025: Bid collection end for members at 8:00 am; Auction date
  • December 22, 2025: Settlement date

Impact Assessment

This is a routine operational circular with limited market impact. It facilitates participation of retail and institutional investors in government securities auctions through a non-competitive bidding route. The circular provides technical details for BSE trading members and direct investors to participate in the RBI auction. The total auction size of Rs 30,000 crore is part of regular government borrowing operations. Impact is confined to debt market participants interested in long-term government securities, with no implications for equity markets or general market operations.

Contact Information

Impact Justification

Routine operational circular for G-sec auction participation. Limited to debt market participants interested in government securities. No impact on equity markets or broader market operations.