The features of the SGrBs issuace will be as follows:
- SGrBs will be issued through Uniform Price Auction
- Five per cent of the notified amount of sale will be reserved for retail investors as specified under the ‘Scheme for Non-competitive Bidding Facility in the auction of Government of India Dated Securities and Treasury Bills’
- SGrBs will be eligible for repurchase transactions (Repo) according to the terms and conditions mentioned in Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 as amended from time to time
- SGrBs will be reckoned as an eligible investment for SLR purposes
- The underwriting in the auction of SGrBs by the primary dealers will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support" issued by the Reserve Bank
- SGrBs will be eligible for “When Issued" trading in accordance with the guidelines on ‘Transactions in the When Issued market in Central Government Securities’ issued by the Reserve Bank of India vide circular dated July 24, 2018, as amended from time to time
- SGrBs will be eligible for trading in the secondary market
- SGrBs will be designated as specified securities under the ‘Fully Accessible Route’ for investment in Government Securities by non-residents
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