Govt to switch 8 gilts worth INR 300 bln with 5 bonds Mon in 2nd FY27 auction
This story was originally published at 20:20 IST on 13 May 2026
Register to read our real-time news.Informist, Wednesday, May 13, 2026
--RBI:Govt to switch 8 gilts worth INR 300 bln via auction on Mon
MUMBAI – The government will switch eight bonds worth INR 300 billion maturing between 2027 and 2030 with five longer-term gilts Monday through the second switch auction of the financial year 2026-27 (Apr-Mar), the Reserve Bank of India said in a release Wednesday. The auction will take place at 1030-1130 IST. It will be settled Tuesday.
A switch operation entails replacing a security maturing in the near term with a longer-maturity paper, effectively postponing the government's debt repayment. The central government's borrowing calendar for Apr-Sept said it would continue to use switches to smoothen the redemption profile in consultation with the RBI. At the first switch auction of FY27, the government switched six gilts worth INR 126.87 billion Apr. 20.
The security-wise details of the switch auction are as follows:
| Source Security | Notified amount of source securities (in INR bln) | Destination Security |
| 6.79%, 2027 gilt | 30.00 | 6.67%, 2035 gilt |
| 6.64%, 2027 gilt | 30.00 | 6.64%, 2035 gilt |
| 7.06%, 2028 gilt | 50.00 | 7.41%, 2036 gilt |
| 8.60%, 2028 gilt | 30.00 | 6.64%, 2035 gilt |
| 6.13%, 2028 gilt | 20.00 | 7.19%, 2060 gilt |
| 7.59%, 2029 gilt | 40.00 | 7.62%, 2039 gilt |
| 7.10%, 2029 gilt | 50.00 | 7.41%, 2036 gilt |
| 7.88%, 2030 gilt | 50.00 | 7.62%, 2039 gilt |
| Total | 300.00 |
End
Reported by Nandini Sinha
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
