The Government of India reissued four dated securities on September 29, 2026, aggregating ₹33,000 crore, to meet fiscal funding requirements through market borrowings.
Government Raises Funds via Dated Securities Reissue
The Government of India announced the reissue of four dated securities on September 29, 2026, with a total notified amount of ₹33,000 crore. The auction was conducted through the Reserve Bank of India as part of the government’s borrowing programme for the financial year. The securities include 6.20% GS 2029, 7.27% GS 2035, 7.18% GS 2044, and 7.45% GS 2062, maturing between 2029 and 2062, allowing for long-term liability management.
Key Terms and Auction Schedule
The individual notified amounts were ₹9,000 crore for 6.20% GS 2029, ₹7,000 crore for 7.27% GS 2035, ₹8,000 crore for 7.18% GS 2044, and ₹9,000 crore for 7.45% GS 2062. The auction date for all securities was set for October 1, 2026, with settlement on October 2, 2026. These securities will be tradable and eligible for statutory liquidity ratio (SLR) holdings.
Implications for Debt Market Participants
The auction provides market participants with opportunities to rebalance portfolios across different maturities. The inclusion of long-dated paper such as 7.45% GS 2062 caters to long-duration investors, including insurance and pension funds. For legal and compliance teams, the reissues require verification of auction terms, allotment procedures, and settlement protocols under the Public Debt Act, 1944. Continued government borrowing at regular intervals supports market depth and benchmarking for corporate bond issuances.