Today's News

Auction of Government of India Dated Security

RBI - Press Releases · Published 10 November 2026 · Last updated

The Government of India has announced the sale of a dated security worth ₹34,000 crore through an auction scheduled for November 13, 2026, with settlement on November 16, 2026.

Key points

  • The Government of India announced the sale and re-issue of one dated security for a notified amount of ₹34,000 crore.
  • The security auctioned is the 6.94% GS 2036, which has a date of repayment set for May 11, 2036.
  • The auction notification bears the specific reference number F.No.4(1)-B(W&M)/2026 dated November 09, 2026.
  • The auction date is scheduled for November 13, 2026 (Friday), with the settlement date following on November 16, 2026 (Monday).
  • The Government of India holds the option to retain an additional subscription of up to ₹2,000 crore against the security.
  • The sale will be conducted through the Reserve Bank of India Mumbai Office, located at Fort, Mumbai – 400001.
  • Bids for the auction will be conducted using the multiple price method via the Reserve Bank of India Core Banking Solution (e-Kuber system).
  • Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids must be submitted between 10:30 a.m. and 11:30 a.m. on November 13, 2026.
  • Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by Primary Dealers from 09:00 a.m. up to 09:30 a.m. on November 13, 2026.
  • The security will be eligible for When Issued trading for the period commencing from November 11, 2026, to November 13, 2026.

Background

  • Government borrowings through dated securities are governed by the general terms and conditions set out in the General Notification F.No.4(2)–B(W&M)/2018 dated March 26, 2025.
  • Sovereign bond auctions are conducted regularly by the Reserve Bank of India as part of the central government's fiscal management and borrowing calendar.

Prelims facts and Mains angle for this issue are in the full SWAदेSH note.

Original report: RBI - Press Releases

Sources