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PDF - Result: Conversion/Switch Auction of Government of India Securities ()
Date : Nov 17, 2025
Result: Conversion/Switch Auction of Government of India Securities
A. Source Security 5.74% GS 2026 8.15% GS 2026 6.64% GS 2027 7.06% GS 2028
B. Notified Amount (in ₹ crore) 2,000 3,000 5,000 3,000
Destination Security 7.57% GS 2033 6.57% GS 2033 6.19% GS 2034 7.57% GS 2033
C. i. No. of offers received 13 11 2 36
ii. Total amount of Source Security offered (Face value, in ₹ crore) 2,713.580 4,288.476 1,470.000 3,895.000
iii. No. of offers accepted 8 6 0 12
iv. Total amount of source security accepted (Face value, in ₹ crore) 1,480 1,100 0 3,000
v. Total amount of destination security issued (Face value, in ₹ crore) 1,391.733 1,118.207 0 2,896.512
vi. Cut-off price (₹) / yield (%) for destination security 106.43/6.4816 100.69/6.4580 NA 106.43/6.4816

A. Source Security 8.60% GS 2028 7.37% GS 2028 7.26% GS 2029 7.59% GS 2029
B. Notified Amount (in ₹ crore) 3,000 3,000 3,000 3,000
Destination Security 6.57% GS 2033 7.57% GS 2033 6.19% GS 2034 7.50% GS 2034
C. i. No. of offers received 29 21 48 19
ii. Total amount of Source Security offered (Face value, in ₹ crore) 8,509.077 6,595.000 13,534.871 5,537.115
iii. No. of offers accepted 10 9 5 0
iv. Total amount of source security accepted (Face value, in ₹ crore) 2,405 3,000 3,000 0
v. Total amount of destination security issued (Face value, in ₹ crore) 2,542.869 2,933.429 3,166.065 0
vi. Cut-off price (₹) / yield (%) for destination security 100.65/6.4644 106.43/6.4816 98.29/6.4454 NA

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/1520


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