Laws and sections by number or title, due dates, pages, and updates.
The Reserve Bank of India conducted a conversion and switch auction for Government of India securities on September 21, 2026. The auction involved multiple source securities and destination securities. The Reserve Bank of India accepted offers for various source securities and issued destination securities based on the notified amounts. The auction results detail the number of offers received, the total face value of source securities offered and accepted, the total face value of destination securities issued, and the cut-off prices and yields for each destination security. One auction for the 7.88% GS 2030 source security resulted in no accepted offers.
Key dates
Who is affected
Thresholds
If you do not comply
Ask about this press release
September 21, 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 Website : www.rbi.org.in ई-मेल/email : helpdoc@rbi.org.in
संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
| A. | Source Security | 8.26% GS 2027 | 7.06% GS 2028 | 8.60% GS 2028 | 7.26% GS 2029 |
|---|---|---|---|---|---|
| B. | Notified Amount (in ₹ crore) | 2,000 | 4,000 | 4,000 | 4,000 |
| Destination Security | 7.19% GS 2060 | 6.79% GS 2034 | 7.50% GS 2034 | 7.50% GS 2034 | |
| C. | i. No. of offers received | 4 | 17 | 8 | 22 |
| ii. Total amount of Source Security offered (Face value, in ₹ crore) | 2,107.859 | 4,245.357 | 3,970.832 | 4,614.777 | |
| iii. No. of offers accepted | 3 | 13 | 3 | 3 | |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 2,000.000 | 3,945.357 | 2,500.000 | 175.000 | |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 2,163.618 | 4,044.527 | 2,509.625 | 172.821 | |
| vi. Cut-off price (₹) / yield (%) for destination security | 94.04/7.6861 | 98.64/7.0134 | 103.09/6.9818 | 102.90/7.0129 |
| A. | Source Security | 7.10% GS 2029 | 7.04% GS 2029 | 6.45% GS 2029 | 7.88% GS 2030 |
|---|---|---|---|---|---|
| B. | Notified Amount (in ₹ crore) | 5,000 | 4,000 | 2,000 | 5,000 |
| Destination Security | 6.79% GS 2034 | 7.50% GS 2034 | 7.40% GS 2035 | 6.64% GS 2035 | |
| C. | i. No. of offers received | 21 | 6 | 13 | 1 |
| ii. Total amount of Source Security offered (Face value, in ₹ crore) | 6,130.009 | 7,359.000 | 1,856.885 | 1.638 | |
| iii. No. of offers accepted | 14 | 3 | 8 | 0 | |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 5,000.000 | 4,000.000 | 1,153.760 | 0 | |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 5,133.470 | 3,929.483 | 1,123.998 | 0 | |
| vi. Cut-off price (₹) / yield (%) for destination security | 98.64/7.0134 | 103.06/6.9867 | 102.20/7.0639 | NA |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/1156
