Synopsis: The Reserve Bank of India (RBI) has announced an auction of two Government of India (GoI) securities worth
Rs 28,000 crore scheduled for October 10, 2025. The auction includes the re-issue of 6.68% GS 2040 and
6.90% GS 2065. Settlement is due on October 13, 2025.
Mumbai: In a fresh notification, the Reserve Bank of India (RBI) confirmed that it will conduct
a government securities auction on October 10, 2025. The auction aims to raise funds worth Rs 28,000 crore through the
re-issue of long-term bonds, offering investors an opportunity to participate in India’s sovereign debt market.
The settlement for these securities will take place on October 13, 2025.
Auction Details
- Total Notified Amount: Rs 28,000 crore
- Securities Offered:
- 6.68% GS 2040 – Rs 16,000 crore (Re-issue)
- 6.90% GS 2065 – Rs 12,000 crore (Re-issue)
- Date of Auction: Friday, October 10, 2025
- Settlement Date: Monday, October 13, 2025
- Additional Subscription: Up to Rs 2,000 crore for each security
- Platform: Conducted via RBI’s e-Kuber Core Banking System
Bidding Timelines
- Non-Competitive Bids: 10:30 AM – 11:00 AM
- Competitive Bids: 10:30 AM – 11:30 AM
- ACU Underwriting Bids (by Primary Dealers): 9:00 AM – 9:30 AM
- Result Announcement: Same day (October 10, 2025)
- Payment Deadline: October 13, 2025
Key Features of the Auction
- The auction will use a multiple-price method, where successful bids are accepted at their quoted yield/price.
- Uniform price method will be applied for specific cases at the cut-off yield/price.
- For Floating Rate Bonds (FRBs), spread-based auctions apply to new issues, and price-based for reissues.
- Securities are issued in minimum denominations of Rs 10,000 and multiples thereof.
- Investors can apply through RBI Retail Direct Portal under the non-competitive scheme.
- “When Issued” trading allowed from October 7 to October 10, 2025.
Investor Guidelines
- Individual investors may place multiple bids, but the total aggregate must not exceed the notified amount.
- RBI retains full discretion to accept or reject any or all bids, fully or partially, without providing reasons.
📌 Final Note
This auction is part of the government’s regular market borrowing programme. With settlement scheduled on
October 13, 2025, both institutional and retail investors have the opportunity to participate, supported by
RBI’s e-Kuber and Retail Direct platforms.
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