Result: Conversion/Switch Auction of Government of India Securities
RBI press-release 2026-2027/714 · 20 Jul 2026
Summary
Check the official recordWhat changed
The Reserve Bank of India has released the results of the conversion/switch auction of Government of India securities conducted on July 20, 2026. The auction involved the exchange of various source securities, including 6.79% GS 2027, 6.64% GS 2027, 7.17% GS 2028, 7.06% GS 2028, 8.60% GS 2028, 7.37% GS 2028, 7.10% GS 2029, and 7.88% GS 2030, for specified destination securities. The results provide details on the number of offers received and accepted, the total face value of source securities accepted, the total face value of destination securities issued, and the cut-off prices and yields for the destination securities.
Key dates
- Date of auction results
- 20 Jul 2026
Who is affected
- Participants in the Government of India securities conversion/switch auction.
Document text
July 20, 2026
Result: Conversion/Switch Auction of Government of India Securities
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
| A. Source Security | 6.79% GS 2027 | 6.64% GS 2027 | 7.17% GS 2028 | 7.06% GS 2028 |
|---|---|---|---|---|
| B. Notified Amount (in ₹ crore) | 4,000 | 4,000 | 3,000 | 5,000 |
| Destination Security | 6.19% GS 2034 | 6.67% GS 2035 | 7.50% GS 2034 | 7.62% GS 2039 |
| C. | ||||
| i. No. of offers received | 35 | 9 | 25 | 10 |
| ii. Total amount of Source Security offered (Face value, in ₹ crore) | 6,033.175 | 874.243 | 9,773.712 | 5,304.000 |
| iii. No. of offers accepted | 4 | 6 | 2 | 4 |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 4,000.000 | 503.899 | 155.000 | 5,000.000 |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 4,164.015 | 514.155 | 150.450 | 4,838.060 |
| vi. Cut-off price (₹) / yield (%) for destination security | 96.77/6.7091 | 99.00/6.8145 | 104.85/6.7097 | 105.16/7.0113 |
2
Ajit Prasad Press Release: 2026-2027/714 Deputy General Manager (Communications)
| A. Source Security | 8.60% GS 2028 | 7.37% GS 2028 | 7.10% GS 2029 | 7.88% GS 2030 |
|---|---|---|---|---|
| B. Notified Amount (in ₹ crore) | 2,000 | 3,000 | 5,000 | 4,000 |
| Destination Security | 7.50% GS 2034 | 6.64% GS 2035 | 6.64% GS 2035 | 7.10% GS 2034 |
| C. | ||||
| i. No. of offers received | 15 | 5 | 12 | 8 |
| ii. Total amount of Source Security offered (Face value, in ₹ crore) | 4,601.032 | 2,997.032 | 6,095.984 | 4,974.638 |
| iii. No. of offers accepted | 0 | 0 | 4 | 2 |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 0 | 0 | 839.305 | 4000.000 |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 0 | 0 | 867.977 | 4,081.409 |
| vi. Cut-off price (₹) / yield (%) for destination security | NA | NA | 98.91/6.8039 | 102.67/6.6496 |
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 20 Jul 2026
- Document number
- 2026-2027/714
- Issuing division
- Department of Communication
- Coverage area
- banking