{
  "id": 15594119,
  "title": "Result: Conversion/Switch Auction of Government of India Securities",
  "url": "https://urgent.news/2026/10/19/result-conversion-switch-auction-of-government-of-india-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T10:52:32.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63829"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nNotably, 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.\n\nThe 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.",
  "summary": "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…",
  "key_points": [
    "Government of India conducted conversion/switch auction of securities",
    "Yields ranged from 6.03% to 8.26%, maturities from 2027 to 2029",
    "4,000 crore rupees accepted for source securities, 4,191.91 crore for destination"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/15594119.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Result of Yield/Price Based Auction of State Government Securities",
        "url": "https://urgent.news/2026/10/19/result-of-yield-price-based-auction-of-state-government-securities",
        "published": "2026-10-19T09:28:32.000Z"
      }
    ]
  },
  "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."
}