Result: Conversion/Switch Auction of Government of India Securities
A. Source Security 8.26% GS 2027 7.17% GS 2028 7.06% GS 2028 7.26% GS 2029 6.03% GS 2029 6.79% GS 2029 B. Notified Amount (in ₹ crore) 2,000 3,000 3,000 4,000 4,000 4,000 Destination Security 7.19% GS 2060 7.41% GS 2036 7.23% GS 2039 6.64% GS 2035 7.50% GS 2034 7.57% GS 2033 C. i. No. of offers received 2 34 12 18 0 14 ii. Total amount of Source Security offered (Face value, in ₹ crore) 2,003.098…
A government auction of Indian securities saw a diverse range of offerings and placements, as reported by the Press Release dated 2026-2027/1351. Under the conversion/switch auction, the Government of India exchanged securities of various maturities for new securities with higher yields.
The auction commenced with a source security offering a 8.26% yield, maturing in 2027, followed by securities with yields of 7.17%, 7.06%, 7.26%, and 6.03% for maturities of 2028, 2028, 2029, and 2029, respectively. Bidders responded, submitting a total of 76 offers across the different maturities.
Notably, 18 offers were accepted for the source security with a 6.03% yield, while the highest yield, 8.26%, saw only one accepted offer. The total amount of source securities accepted was 4,000 crore rupees, while the destination securities issued totaled 4,191.91 crore rupees.
The cut-off price for the destination securities ranged from 92.32 to 101.08, corresponding to yields of 7.8391% to 7.3590%. The securities with the highest yield, 7.57%, were issued at a cut-off price of 95.44, while the lowest yield, 6.03%, was offered at a cut-off price of 101.08.
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.
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