As announced in Governor’s statement of April 07, 2021, the Reserve Bank will conduct open market purchase of government securities of ₹1 lakh crore under the G-sec Acquisition Programme (G-SAP 1.0) in Q1 2021-22 with a view to enabling a stable and orderly evolution of the yield curve. The first purchase of government securities for an aggregate amount of ₹25,000 crore under G-SAP 1.0 will be conducted on April 15, 2021. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method: | Sr. No | ISIN | Security | Date of Maturity | Aggregate Amount | | 1 | IN0020200211 | 4.48% GS 2023 | 02-Nov-2023 | ₹25,000 crore
(There is no security-wise notified amount) | | 2 | IN0020200278 | 5.15% GS 2025 | 09-Nov-2025 | | 3 | IN0020170026 | 6.79% GS 2027 | 15-May-2027 | | 4 | IN0020200294 | 5.85% GS 2030 | 01-Dec-2030 | | 5 | IN0020200245 | 6.22% GS 2035 | 16-Mar-2035 | 3. The Reserve Bank reserves the right to: -
decide on the quantum of purchase of individual securities. -
accept bids for less than the aggregate amount. -
purchase marginally higher/lower than the aggregate amount due to rounding-off. -
accept or reject any or all the bids either wholly or partially without assigning any reasons. 4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on April 15, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am. 5. The result of the auctions will be announced on the same day and successful participants should ensure availability of securities in their SGL account by 12 noon on April 16, 2021. (Yogesh Dayal)
Chief General Manager Press Release: 2021-2022/28 | |