Description

BSE announces non-competitive bidding facility for RBI auction of two government securities (6.01% GS 2030 and 7.09% GS 2074) on December 19, 2025, with total issue size of Rs. 30,000 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 19, 2025. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system. The auction includes re-issuance of 6.01% GS 2030 (Rs. 18,000 crores) and 7.09% GS 2074 (Rs. 12,000 crores).

Key Points

  • Two G-Sec securities available for non-competitive bidding: 6.01% GS 2030 and 7.09% GS 2074
  • Total auction 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 bidding amount: Rs. 2 crores per security
  • Bidding platform: BSE iBBS web-based system (https://ibbs.bseindia.com) via NCB-GSec module
  • Settlement date: December 22, 2025 (T+3)

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 by December 19, 2025 at 8:00 AM
  • Ensure adequate funds/collateral for pay-in obligations
  • Contact Trading Operations for new user ID creation or password reset if needed

For Direct Investors:

  • Submit bids by December 18, 2025 at 5:00 PM (earlier deadline than members)

Bidding Parameters:

  • Minimum amount: Rs. 10,000 (100 units)
  • Multiples of 100 units
  • Maximum amount: Rs. 2 crores per security

Important Dates

  • December 15, 2025: RBI press release announcing auction
  • December 16, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • December 18, 2025, 5:00 PM: Bid collection end for direct investors
  • December 19, 2025, 8:00 AM: Bid collection end for trading members
  • December 19, 2025: Auction date
  • December 22, 2025: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction notification with standard operational procedures.

Participant Impact: Low to Medium for debt market participants who wish to invest in sovereign securities. Provides opportunity to participate in G-Sec auction without competing with institutional bidders.

Operational Impact: Standard process for BSE trading members already registered for debt segment operations. New participants may need to complete user registration before bid submission deadline.

Contact Information:

Impact Justification

Routine operational circular for government securities auction participation through non-competitive bidding. Standard procedure for debt market participants with no market-wide impact.