Description

BSE announces non-competitive bidding facility for RBI auction of two government securities (6.68% GS 2040 and 6.90% GS 2065) scheduled for February 06, 2026.

Summary

BSE notifies trading members about the non-competitive bidding facility for participating in the RBI auction of two Government of India dated securities scheduled for February 06, 2026. The auction includes re-issuance of 6.68% GS 2040 (Rs. 16,000 crore) and 6.90% GS 2065 (Rs. 13,000 crore). Members can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs available for non-competitive bidding: 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
  • Minimum subscription: 100 units (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crore per security
  • Bidding available through BSE’s iBBS platform NCB-GSec module
  • Member bid deadline: February 06, 2026 at 8:00 AM
  • Direct investor bid deadline: February 05, 2026 at 5:00 PM

Regulatory Changes

No new regulatory changes. This circular operates under the existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018, which launched the non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

For Trading Members:

  • Access the NCB-GSec module at https://ibbs.bseindia.com
  • Submit bids between February 03, 2026 (10:00 AM) and February 06, 2026 (8:00 AM)
  • Ensure bids meet minimum (Rs. 10,000) and maximum (Rs. 2 crore) limits
  • Use minimum subscription units of 100 and appropriate multiples

For Direct Investors:

  • Submit bids by February 05, 2026 at 5:00 PM

Contact Points:

Important Dates

  • February 02, 2026: RBI press release announcing auction
  • February 03, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • February 05, 2026, 5:00 PM: Bid collection ends for direct investors
  • February 06, 2026, 8:00 AM: Bid collection ends for trading members
  • February 06, 2026: Auction date
  • February 09, 2026: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction notification affecting only debt market participants. No impact on equity markets.

Operational Impact: Low - Standard non-competitive bidding process through established iBBS platform. No new systems or procedures required.

Participant Impact: Relevant only to debt market trading members and investors interested in government securities. The non-competitive bidding facility provides retail and smaller institutional investors access to G-sec primary auctions without competing with larger institutional bidders.

Securities Details:

  • 6.68% GS 2040 (Symbol: 668GS40F26) - 14-year maturity from issue
  • 6.90% GS 2065 (Symbol: 690GS65F26) - 39-year maturity from issue

Impact Justification

Routine government securities auction notification affecting debt market participants only, with no impact on equity trading or general market operations