Description

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

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of two Government of India dated securities scheduled for February 06, 2026, as per RBI’s press release dated February 02, 2026. Trading members and direct investors can participate in the auction through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two GoI dated securities available for re-issue: 6.68% GS 2040 (Rs. 16,000 crore) and 6.90% GS 2065 (Rs. 13,000 crore)
  • Bidding through BSE’s iBBS web-based system NCB-GSec module at https://ibbs.bseindia.com
  • Minimum subscription: 100 units (Rs. 10,000), Maximum: Rs. 2 crores per security
  • Bid collection starts February 03, 2026 at 10:00 AM with 24-hour availability
  • Different deadlines for trading members (February 06, 8:00 AM) and direct investors (February 05, 5:00 PM)
  • Settlement date: February 09, 2026

Regulatory Changes

No regulatory changes. This circular is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, regarding the existing non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

  • Trading members interested in participating must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Members must adhere to bidding parameters: minimum Rs. 10,000 (100 units) and maximum Rs. 2 crores per security
  • Members must submit bids by February 06, 2026, 8:00 AM
  • Direct investors must submit bids by February 05, 2026, 5:00 PM
  • Participants must fulfill obligation and pay-in requirements as per settlement procedures

Important Dates

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

Impact Assessment

This is a routine operational circular with limited market impact. It facilitates debt market participants’ access to government securities through the non-competitive bidding route. The circular affects only those trading members and investors interested in participating in G-sec auctions. No changes to existing procedures or regulations. Contact information provided for technical queries (Trading Operations: 022-2272 8005/8215/8376/5626/8226) and settlement queries (ICCL Operations: 022-2272 8468/8704/8264).

Impact Justification

Routine operational circular for G-sec auction process through NCB facility. Affects only debt market participants interested in government securities. No regulatory changes or broad market impact.