Description

BSE announces non-competitive bidding facility for RBI auction of 6.48% GS 2035 government securities worth Rs. 32,000 crores on January 02, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for participating in the RBI auction of Government of India dated securities on January 02, 2026. Trading members can bid for 6.48% GS 2035 (re-issue) worth Rs. 32,000 crores through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Security offered: 6.48% GS 2035 (Symbol: 648GS35J26) - Re-issue
  • Issue size: Rs. 32,000 crores
  • Minimum subscription: 100 units with minimum amount Rs. 10,000
  • Maximum bid amount: Rs. 2 crores
  • Auction date: January 02, 2026
  • Settlement date: January 05, 2026
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding facility launched via Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must submit bids through BSE’s iBBS NCB-GSec module
  • Members can bid from December 30, 2025 (10:00 am) until January 02, 2026 (8:00 am)
  • Direct investors can bid until January 01, 2026 (5:00 pm)
  • Bids must be in multiples of 100 units with minimum Rs. 10,000 and maximum Rs. 2 crores

Important Dates

  • Bid Collection Start: December 30, 2025, 10:00 am onwards (24-hour availability)
  • Bid Collection End (Members): January 02, 2026, 8:00 am
  • Bid Collection End (Direct Investors): January 01, 2026, 5:00 pm
  • Auction Date: January 02, 2026
  • Settlement Date: January 05, 2026

Impact Assessment

This is a routine operational circular for debt market participants. It provides trading members access to participate in RBI’s G-sec auction through non-competitive bidding. The impact is limited to members interested in investing in government securities. No changes to existing processes or requirements. Contact details provided for technical support (Trading Operations: 022-2272 8005/8215) and bidding queries (022-2272 8376/5626/8226).

Impact Justification

Routine announcement for G-sec auction facility available to trading members; no regulatory changes or broad market impact