Govt to buy back 5 FY27 gilts worth INR 250 bln via auction on Thu
This story was originally published at 18:47 IST on 30 May 2025
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--RBI: Govt to buy back INR 250 bln worth of 5 gilts Thu
--RBI: Govt to buy back 7.27%, 2026 and 6.99%, 2026 gilts at auction Thu
--RBI: Govt to buy back 6.97%, 2026 and 7.33%, 2026 gilts at auction Thu
--Govt to buy back 8.24%, 2027 gilt at auction Thu
MUMBAI – The government will buy back five gilts worth INR 250 billion on Thursday. The buyback auction of the five gilts, all maturing in 2026-27 (Apr-Mar), will be held at 1030-1130 IST, the Reserve Bank of India said on Friday.
The gilts up for buyback are the 7.27%, 2026 bond; the 6.99%, 2026 bond; the 6.97%, 2026 bond; the 7.33%, 2026 bond; and the 8.24%, 2027 bond. There is no notified amount for each of the individual securities up for buyback.
This is the first buyback auction in the current financial year. There were no allocations made for buybacks in the Budget tabled in February. In the last buyback auction held on Jan. 20, the government bought back five gilts worth INR 96.66 billion against the notified amount of INR 200 billion.
The buyback auction will be conducted through the RBI's Core Banking Solution (E-Kuber) system. The RBI said the government can decide on the amounts for individual securities, accept more or less than the notified amount of INR 250 billion, and accept or reject any of the offers wholly or partially without assigning any reason. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Kabir Sharma
Edited by Tanima Banerjee
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