Result: Conversion/Switch Auction of Government of India Securities
A. Source Security 8.26% GS 2027 7.17% GS 2028 7.06% GS 2028 7.37% GS 2028 7.26% GS 2029 B. Notified Amount (in ₹ crore) 2,000 3,000 4,000 3,000 3,000 Destination Security 7.19% GS 2060 6.64% GS 2035 6.83% GS 2039 7.10% GS 2034 6.64% GS 2035 C. i. No. of offers received 4 31 4 4 36 ii. Total amount of Source Security offered (Face value, in ₹ crore) 2,203.100 8,038.712 4,428.000 5,957.032…
The Government of India has conducted a securities conversion and switch auction, as reported by Ajit Prasad, Deputy General Manager of Communications. Under this auction, various securities were offered and accepted, with specific destination securities issued in return.
For the first batch, a face value of ₹2,203.100 crore in Source Security with an 8.26% yield was converted into GS 2027 securities with a 7.17% yield. A total of 2 offers were accepted, resulting in the issuance of ₹2,000.000 crore in destination securities with a 7.19% yield.
The second batch saw a face value of ₹8,038.712 crore in Source Security with a 7.26% yield being converted into GS 2028 securities with a 7.37% yield. This time, 3 offers were accepted, and ₹3,000.000 crore in destination securities with a 7.10% yield were issued.
The final batch involved a face value of ₹4,428.000 crore in Source Security with a 7.06% yield being converted into GS 2028 securities with a 7.88% yield. Eight offers were accepted, leading to the issuance of ₹3,000.000 crore in destination securities with a 7.10% yield.
In summary, the auction saw a total of ₹18,665.812 crore in Source Security converted, yielding a total of ₹13,090.809 crore in destination securities with varying yields.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
