Government of India re-issued four dated securities on October 26, 2026, for a total of ₹33,000 crore, including securities maturing in 2029, 2035, and 2040. Auctions were conducted via yield-based bidding through RBI’s electronic platform.
Government Reissues ₹33,000 Crore in Dated Securities
The Government of India announced the re-issue of four dated securities on October 26, 2026, with a total notified amount of ₹33,000 crore. The securities include 6.20% GS 2029 (₹9,000 crore), 7.18% GS 2035 (₹9,000 crore), 7.61% GS 2040 (₹10,000 crore), and a special reopening of 6.95% GS 2029 (₹5,000 crore). The auction date was set for October 28, 2026, with settlement on October 30, 2026.
These reissues were conducted under the Government Securities (General) Rules, 2007, through the Reserve Bank of India’s electronic auction platform. The notified amounts reflect the Government’s continued market-based borrowing strategy as part of the FY2027 fiscal program. The inclusion of multiple tenors allows for yield curve management and liquidity support in the G-sec market.
Market participants, including institutional investors and banks, rely on these reissues for portfolio allocation and duration management. Legal teams in financial institutions should ensure compliance with reporting and settlement timelines under the Public Debt Act, 1944, and electronic bidding protocols administered by RBI.
Citations
- Government Securities (General) Rules, 2007
- Public Debt Act, 1944
