Description
BSE announces non-competitive bidding facility for two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) to be auctioned on March 06, 2026, with bidding open via the NCB-GSec module on iBBS platform.
Summary
BSE has announced the non-competitive bidding window for two re-issued Government of India dated securities — 6.68% GS 2040 and 6.90% GS 2065 — to be auctioned by RBI on March 06, 2026. Trading members and direct investors can participate via the NCB-GSec module on BSE’s iBBS web-based bidding platform.
Key Points
- Two G-Sec instruments are available for non-competitive bidding: 6.68% GS 2040 (issue size ₹16,000 Cr) and 6.90% GS 2065 (issue size ₹13,000 Cr)
- Both are re-issues; minimum subscription is 100 units with a minimum amount of ₹10,000 and a maximum of ₹2 crore
- Bidding is conducted through the NCB-GSec module at https://ibbs.bseindia.com
- This circular references the framework established under Exchange Circular No. 20180423-42 dated April 23, 2018
- RBI press release dated March 02, 2026 announced the GoI’s intent to sell these securities
Regulatory Changes
No new regulatory changes. This circular is issued under the existing non-competitive bidding facility framework established in April 2018.
Compliance Requirements
- Trading members must use the NCB-GSec module on the iBBS platform to submit bids
- Members must adhere to bid collection deadlines (March 06, 2026 till 8:00 AM)
- Direct investors must submit bids by March 05, 2026 till 5:00 PM
- Contact Trading Operations for user ID creation, password resets, or bidding queries; ICCL Operations for obligation and pay-in queries
Important Dates
| Event | Date / Time |
|---|---|
| Bid Collection Start | March 04, 2026 from 10:00 AM (24-hour availability) |
| Bid Collection End (Members) | March 06, 2026 till 8:00 AM |
| Bid Collection End (Direct Investors) | March 05, 2026 till 5:00 PM |
| Auction Date | March 06, 2026 |
| Settlement Date | March 09, 2026 |
Impact Assessment
This notice affects trading members and direct investors interested in participating in GoI G-Sec auctions. The two securities span long-duration maturities (2040 and 2065), making them relevant to institutional investors with long-term fixed-income strategies. The combined issue size of ₹29,000 crore reflects significant government borrowing activity. Participation is limited by the ₹2 crore maximum per investor under the non-competitive route, capping individual exposure. Operationally, members must ensure timely access to the iBBS platform before the respective deadlines.
Impact Justification
Routine auction notice for government securities bidding; relevant to trading members and direct investors participating in G-sec auctions but limited to a specific instrument and date window.