Description
BSE announces non-competitive bidding for Government of India dated securities auction on February 27, 2026, with 6.48% GS 2035 available for bidding through the NCB-GSec module on iBBS platform.
Summary
BSE has issued a notice (No. 20260225-1) informing trading members about the non-competitive bidding facility for the Government of India (GoI) dated securities auction scheduled on February 27, 2026. This follows an RBI press release dated February 23, 2026, announcing the sale of one dated security. Bidding is conducted through the NCB-GSec module on BSE’s iBBS web-based platform.
Key Points
- GoI is selling one dated security — 6.48% GS 2035 (Symbol: 648GS35F26) — via re-issuance with an issue size of Rs. 32,000 crore
- Bidding is available through the NCB-GSec module at https://ibbs.bseindia.com
- Minimum subscription is 100 units at Rs. 10,000 minimum amount; maximum amount is Rs. 2 crore
- Bid collection is open 24 hours a day from February 24, 2026, 10:00 AM onwards
- Reference circular: BSE circular no. 20180423-42, dated April 23, 2018 (launch of NCB facility)
Regulatory Changes
No new regulatory changes introduced. This notice is in continuation of the existing non-competitive bidding framework established under BSE circular no. 20180423-42 dated April 23, 2018, and is based on the RBI press release of February 23, 2026.
Compliance Requirements
- Trading members must use the NCB-GSec module on the iBBS platform (https://ibbs.bseindia.com) to place bids
- Members must submit bids before February 27, 2026, 8:00 AM
- Direct investors must submit bids before February 26, 2026, 5:00 PM
- Members should review the security details and bidding parameters available on the platform before placing bids
Important Dates
| Event | Date / Time |
|---|---|
| Bid Collection Start | February 24, 2026, 10:00 AM (24-hour availability) |
| Bid Collection End (Members) | February 27, 2026, 8:00 AM |
| Bid Collection End (Direct Investors) | February 26, 2026, 5:00 PM |
| Auction Date | February 27, 2026 |
| Settlement Date | March 02, 2026 |
Impact Assessment
This is a routine operational notice for trading members and direct investors participating in the government securities non-competitive bidding process. The auction involves a re-issuance of 6.48% GS 2035 with a substantial issue size of Rs. 32,000 crore, indicating significant government borrowing activity. The impact is primarily operational for eligible participants using the iBBS NCB-GSec platform. No changes to existing rules or market structure are introduced. Participants with queries may contact BSE Trading Operations or ICCL Operations via the contact details provided in the circular.
Impact Justification
Routine non-competitive bidding notice for a single GoI dated security re-issuance. Relevant to trading members and direct investors participating in government securities auctions, but operationally limited in broader market impact.