The first lot comprises '7.37 per cent Government Security 2028' for a notified amount of Rs 12,000 crore through a price-based auction using multiple price methodology, while the second comprises 'New Government Security 2064' with a total value of Rs 12,000 crore. Is included. Crore (nominal) through yield-based auction using multiple pricing method.

According to a Finance Ministry statement, the government will have the option to retain additional subscription of up to Rs 2,000 crore against each security.

The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai on April 19.

Up to 5 per cent of the notified amount of sale of securities will be allotted to eligible individuals and institutions as per the Non-Competitive Bidding Facility Scheme in the auction of government securities.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the RBI Core Banking Solution (e-Kuber) system on April 19.

According to the statement, non-competitive bids should be submitted between 10:30 am and 11:30 am, and competitive bids should be submitted between 10:30 am and 11:30 am.

The results of the auction will be announced on April 19 and payments by successful bidders will be made on April 22.

The securities will be eligible for trading 'when issued' as per RBI guidelines, the statement said.