Description

RBI announces auction of two GoI dated securities (6.68% GS 2040 and 6.90% GS 2065) on February 06, 2026 with non-competitive bidding facility available through BSE's NCB-GSec module.

Summary

BSE announces the availability of non-competitive bidding facility for the auction of two GoI dated securities scheduled for February 06, 2026, as per RBI’s press release dated February 02, 2026. Trading members can participate through BSE’s iBBS web-based NCB-GSec module for the re-issue of 6.68% GS 2040 (Rs. 16,000 crores) and 6.90% GS 2065 (Rs. 13,000 crores).

Key Points

  • Two G-Sec re-issues available for auction: 6.68% GS 2040 and 6.90% GS 2065
  • Total auction size: Rs. 29,000 crores (Rs. 16,000 cr + Rs. 13,000 cr)
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Minimum subscription units: 100 with Rs. 10,000 minimum amount
  • Maximum bidding limit: Rs. 2 crores per security
  • Bid collection operates 24 hours through the platform
  • Settlement date: February 09, 2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Members must adhere to minimum subscription of 100 units (Rs. 10,000) and multiples thereof
  • Maximum bidding amount capped at Rs. 2 crores per security
  • Members must complete bidding by the specified deadlines for their category
  • Direct investors and trading members have different bid collection end dates

Important Dates

  • Bid Collection Start: February 03, 2026, from 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Trading Members): February 06, 2026, till 8:00 AM
  • Bid Collection End (Direct Investors): February 05, 2026, till 5:00 PM
  • Auction Date: February 06, 2026
  • Settlement Date: February 09, 2026

Impact Assessment

Market Impact: Medium - This routine G-Sec auction provides investment opportunities in long-dated government securities. The non-competitive bidding facility enables retail and smaller institutional investors to participate without competing on price.

Operational Impact: Trading members and direct investors in the debt segment need to prepare for bidding during the specified windows. The staggered deadlines (direct investors by Feb 5, 5 PM vs members by Feb 6, 8 AM) allow proper bid aggregation.

Contact Points: BSE has provided dedicated contact teams for user ID creation, bidding queries, and settlement-related issues through Trading Operations and ICCL Operations departments.

Impact Justification

Routine G-Sec auction notification with standard non-competitive bidding facility for trading members and investors. Medium importance for debt market participants.