Description
RBI announces auction of two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) through non-competitive bidding facility on January 09, 2026.
Summary
BSE announces the availability of non-competitive bidding facility for the auction of two Government of India dated securities scheduled for January 09, 2026. The auction follows RBI’s press release dated January 05, 2026. Trading members can participate through BSE’s iBBS web-based NCB-GSec module for re-issue of 6.68% GS 2040 (Rs. 16,000 crore) and 6.90% GS 2065 (Rs. 13,000 crore).
Key Points
- Two G-secs available for auction: 6.68% GS 2040 and 6.90% GS 2065
- Total issue size: Rs. 29,000 crore (Rs. 16,000 cr + Rs. 13,000 cr)
- Both securities are re-issues, not new issuances
- Bidding through BSE’s iBBS web-based NCB-GSec module
- Minimum subscription unit: 100 with minimum amount Rs. 10,000
- Maximum bidding amount: Rs. 2 crores per security
- Reference to Exchange circular no. 20180423-42 dated April 23, 2018
Regulatory Changes
No regulatory changes. This is a routine operational circular implementing the existing non-competitive bidding facility framework established in 2018.
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 crore) limits
- Complete bid submission by January 09, 2026, 8:00 AM
- Fulfill settlement obligations on January 12, 2026
For Direct Investors:
- Submit bids by January 08, 2026, 5:00 PM (earlier deadline than members)
Important Dates
- January 05, 2026: RBI press release announcing auction
- January 06, 2026, 10:00 AM: Bid collection opens (24-hour availability)
- January 08, 2026, 5:00 PM: Bid collection closes for direct investors
- January 09, 2026, 8:00 AM: Bid collection closes for trading members
- January 09, 2026: Auction date
- January 12, 2026: Settlement date
Impact Assessment
Market Impact: Low - Routine government securities auction process
Operational Impact: Low - Standard procedure for debt market participants already familiar with the NCB-GSec module
Affected Participants:
- Trading members interested in government securities
- Direct investors seeking G-sec investments
- ICCL for settlement operations
Securities Details:
| Security | Symbol | Type | Issue Size | Maturity |
|---|---|---|---|---|
| 6.68% GS 2040 | 668GS40J26 | G-Sec Re-issue | Rs. 16,000 cr | 2040 |
| 6.90% GS 2065 | 690GS65J26 | G-Sec Re-issue | Rs. 13,000 cr | 2065 |
Contact Information Provided:
- Trading Operations: user.trdops@bseindia.com, trading.ops@bseindia.com
- ICCL Operations: Collaterals@icclindia.com, settlements@icclindia.com
Impact Justification
Routine operational circular for G-sec auction process with standard bidding parameters; impacts only debt market participants interested in government securities