Conversion and Switch Auction Results for Government of India Securities
RBI press-release 2026-2027/910 · 17 Aug 2026
Official title
Result: Conversion/Switch Auction of Government of India Securities
RBI press-release 2026-2027/910 · 17 Aug 2026
Official title
Result: Conversion/Switch Auction of Government of India Securities
Summary
Check the official recordThe Reserve Bank of India announces the results of the conversion and switch auction for Government of India securities. The auction involves multiple source securities and destination securities. The Reserve Bank accepts offers for the notified amounts across all categories. The results detail the number of offers received, the total face value of source securities accepted, the total face value of destination securities issued, and the cut-off prices and yields for each destination security.
Key dates
Who is affected
August 17, 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 | 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 | 12,321.121 | |
| iii. No. of offers accepted | 2 | 10 | 3 | 4 | 8 | |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 2,000.000 | 3,000.000 | 4,000.000 | 3,000.000 | 3,000.000 | |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 2,112.108 | 3,070.700 | 4,105.590 | 3,014.777 | 3,090.809 | |
| vi. Cut-off price (₹) / yield (%) for destination security | 96.87/ 7.4434 | 99.24/ 6.7538 | 99.09/ 6.9396 | 102.24/ 6.7183 | 99.33/ 6.7401 |
| A. | Source Security | 7.10% GS 2029 | 7.10% GS 2029 | 6.45% GS 2029 | 7.88% GS 2030 |
|---|---|---|---|---|---|
| B. | Notified Amount (in ₹ crore) | 3,000 | 5,000 | 2,000 | 5,000 |
| Destination Security | 7.50% GS 2034 | 7.62% GS 2039 | 7.10% GS 2034 | 6.67% GS 2035 | |
| C. | i. No. of offers received | 9 | 2 | 26 | 16 |
| ii. Total amount of Source Security offered (Face value, in ₹ crore) | 8,330.000 | 5,750.000 | 7,707.893 | 7,015.165 | |
| iii. No. of offers accepted | 6 | 2 | 8 | 4 | |
| iv. Total amount of source security accepted (Face value, in ₹ crore) | 3,000.000 | 5,000.000 | 2,000.000 | 5,000.000 | |
| v. Total amount of destination security issued (Face value, in ₹ crore) | 2,924.647 | 4,838.328 | 1,956.545 | 5,269.573 | |
| vi. Cut-off price (₹) / yield (%) for destination security | 104.75/ 6.7206 | 105.77/ 6.9405 | 102.82/ 6.6217 | 99.55/ 6.7339 |
Ajit Prasad
Press Release: 2026-2027/910 Deputy General Manager
(Communications)