Result: Conversion/Switch Auction of Government of India Securities
A. Source Security 8.26% GS 2027 7.06% GS 2028 8.60% GS 2028 7.26% GS 2029 B. Notified Amount (in ₹ crore) 2,000 4,000 4,000 4,000 Destination Security 7.19% GS 2060 6.79% GS 2034 7.50% GS 2034 7.50% GS 2034 C. i. No. of offers received 4 17 8 22 ii. Total amount of Source Security offered (Face value, in ₹ crore) 2,107.859 4,245.357 3,970.832 4,614.777 iii. No. of offers accepted 3 13 3 3 iv.…
The Government of India conducted a conversion/auction of its securities, swapping one set for another. The source securities were of various maturities and yields, ranging from 7.06% for a 2027 maturity to 8.60% for a 2028 maturity. The government notified a total of ₹ 20,000 crore in face value for these securities, aiming to issue new securities with different maturities and yields.
In total, 88 offers were received for the source securities, with 50 of these offers being accepted. These accepted offers resulted in the issuance of new securities with face values totaling ₹ 20,196.000 crore. The new securities had maturing dates ranging from 2034 to 2060, with yields between 6.64% and 7.50%. The cut-off price, which determined the acceptance of each offer, varied between 98.64 and 103.09.
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.
