{
  "id": 1463350,
  "title": "Result: Conversion/Switch Auction of Government of India Securities",
  "url": "https://urgent.news/2026/08/17/result-conversion-switch-auction-of-government-of-india-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T10:30:50.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63388"
  },
  "original_language": "en",
  "account": "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.\n\nFor 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.\n\nThe 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.\n\nThe 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.\n\nIn 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.",
  "summary": "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…",
  "key_points": [
    "₹2,203.100 crore Source Security converted to ₹2,000.000 crore GS 2027 destination securities",
    "8.26% yield Source Security converted to 7.17% yield GS 2027 destination securities",
    "Total ₹18,665.812 crore Source Security converted to ₹13,090.809 crore destination securities"
  ],
  "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."
}