Description

BSE announces non-competitive bidding for two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) to be auctioned on March 06, 2026, with bid collection starting March 04, 2026.

Summary

BSE has issued a notice (No. 20260304-2) informing trading members about the non-competitive bidding facility for two Government of India dated securities being auctioned by RBI on March 06, 2026. Bidding is available through the NCB-GSec module on BSE’s iBBS web-based platform. This continues the facility launched via Exchange circular no. 20180423-42 dated April 23, 2018.

Key Points

  • Two GoI dated G-Secs available for non-competitive bidding: 6.68% GS 2040 (symbol: 668GS40M26) and 6.90% GS 2065 (symbol: 690GS65M26)
  • Both are re-issues; issue sizes are Rs. 16,000 Cr and Rs. 13,000 Cr respectively
  • Minimum subscription: 100 units at Rs. 10,000 minimum amount; maximum amount Rs. 2 crore per security
  • Bidding platform: https://ibbs.bseindia.com » NCB-GSec module
  • Bid collection is available 24 hours from start date

Regulatory Changes

No new regulatory changes. This circular operates under the existing framework established by Exchange circular no. 20180423-42 (April 23, 2018) and is in reference to RBI’s press release dated March 02, 2026.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module on the iBBS platform within the specified bid collection window
  • Direct investors must submit bids by March 05, 2026, 5:00 PM
  • Trading members must submit bids by March 06, 2026, 8:00 AM
  • Members should contact BSE Trading Operations or ICCL for queries related to user IDs, bidding, obligations, and pay-in

Important Dates

  • Bid Collection Start: March 04, 2026, from 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Direct Investors): March 05, 2026, 5:00 PM
  • Bid Collection End (Members): March 06, 2026, 8:00 AM
  • Auction Date: March 06, 2026
  • Settlement Date: March 09, 2026

Impact Assessment

This is a routine operational notice with medium market impact. The combined issue size of Rs. 29,000 Cr (Rs. 16,000 Cr for 6.68% GS 2040 + Rs. 13,000 Cr for 6.90% GS 2065) represents significant government borrowing activity. Trading members and direct investors interested in long-duration government securities (2040 and 2065 maturities) should participate within the stipulated deadlines. The 24-hour bidding window provides operational flexibility. No changes to existing platform or procedures.

Impact Justification

Routine G-Sec auction notice affecting trading members and direct investors participating in RBI government securities auctions via BSE's NCB-GSec platform; significant issue sizes (Rs. 16,000 Cr and Rs. 13,000 Cr) but operationally routine.