SDL Auction Opens On April 15, Non-Competitive Bidding Window Ends Soon
The Reserve Bank of India will conduct a State Government Securities (SDL) auction on April 15, 2025. Non-competitive bidding is open to investors via BSE's iBBS platform, with key deadlines set for April 14 and 15.
Investors Invited to Bid in State Government Securities via BSE’s iBBS Platform |
Mumbai: Following a press release by the Reserve Bank of India (RBI) on April 9, 2025, the Government of India has scheduled an auction of State Development Loans (SDLs) for April 15, 2025. This also aligns with BSE's earlier circular dated November 22, 2019, introducing a non-competitive bidding (NCB) facility for SDL auctions.
Bidding Details
The auction will be hosted on the BSE’s iBBS platform under the NCB-GSec module https://ibbs.bseindia.com. Bid submission for direct investors closes on April 14, while members can bid until 8:00 AM on April 15. The auction date is April 15, with settlement scheduled for April 16, 2025.
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Securities on Offer
Three securities will be offered:
6.53 per cent CG 2028 (CG065328) – Re-issue
TN SDL 2035 (TNNW2035) – New
TS SDL 2056 (TSNW2056) – New
Each has an issue size of Rs 1000 Cr, with a minimum bid size of Rs 10,000 (in multiples of Rs 100), and a cap of Rs 10 Cr per investor.
Assistance & Support
For queries, BSE’s Trading Operations and ICCL teams are available via phone and email. Separate contacts exist for user access, bidding help, and pay-in obligations.
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