{
  "id": 14469485,
  "title": "Conversion/Switch of Government of India Securities",
  "url": "https://urgent.news/2026/10/14/conversion-switch-of-government-of-india-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T14:34:55.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63806"
  },
  "original_language": "en",
  "account": "The Government of India has announced a conversion/switch of its securities through auction, totalling ₹20,000 crore in face value. The auction will take place on October 19, 2026, with details provided for each security being converted or switched. Market participants are required to submit their bids electronically through the Reserve Bank of India's e-Kuber platform, specifying the amount of source security they wish to sell, the price of the source security, and the price they are willing to pay for the destination security. The auction will be a multiple-price based one, meaning successful bids will be accepted at the quoted prices for both the source and destination securities. Bids can be placed for any or all destination securities, but the total amount of bids for the source security cannot exceed the participant's holdings in face value terms. The minimum bid size is ₹10,000, and bids must be placed in multiples of this amount. The auction cut-off will be determined by the price of the destination securities, and successful bidders are those who place their bids at or above this cut-off price. The conversion process will be largely cash neutral, but there will be fund settlement for any net accrued interest between the source and destination securities, taking into account rounding-off effects in the destination security amount.",
  "summary": "Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities October 19, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS…",
  "key_points": [
    "Government of India announces ₹20,000 crore securities conversion/switch.",
    "Auction scheduled for October 19, 2026 via Reserve Bank of India's e-Kuber platform."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}