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Date : May 27, 2024
Result: Switch/Conversion auction of Government Securities
A. Source Security 8.20% GS 2025 8.20% GS 2025 7.59% GS 2026 7.27% GS 2026 6.99% GS 2026 8.24% GS 2027
B. Notified Amount (amount in ₹ cr) 1,000 5,000 2,500 2,000 1,000 1,000
Destination Security 8.17% GS 2044 7.50% GS 2034 6.68% GS 2031 8.24% GS 2033 6.95% GS 2061 6.95% GS 2061
C. i. No. of offers received 3 5 3 5 4 4
ii. Total amount of Source Security offered (Face value in ₹ cr) 1,021.123 4,350.256 2,707.733 2,979.788 494.538 1,824.560
iii. No of offers accepted 3 3 1 1 3 4
iv. Total amount of source security accepted (Face value in ₹ cr) 1,000.000 2,350.256 2,500.000 2,000.000 445.963 1,000.000
v. Total amount of destination security issued (Face value in ₹ cr) 913.066 2,315.571 2,576.911 1,861.180 457.413 1,055.201
vi. Cut-off price (₹) / yield (%) for destination security 111.11/7.1307 103.00/7.0799 97.84/7.0612 107.91/7.0770 97.48/7.1435 97.48/7.1435

A. Source Security 7.38% GS 2027 7.38% GS 2027 7.38% GS 2027 8.26% GS 2027 8.26% GS 2027
B. Notified Amount (amount in ₹ cr) 2,000 3,000 2,000 1,500 1,000
Destination Security 7.40% GS 2035 6.83% GS 2039 6.95% GS 2061 6.67% GS 2035 7.69% GS 2043
C. i. No. of offers received 54 27 8 9 3
ii. Total amount of Source Security offered (Face value in ₹ cr) 10,198.822 9,035.000 2,004.408 2,085.000 569.327
iii. No of offers accepted 16 4 8 4 3
iv. Total amount of source security accepted (Face value in ₹ cr) 2,000.000 3,000.000 2,000.000 1,500.000 569.327
v. Total amount of destination security issued (Face value in ₹ cr) 1,969.294 3,087.644 2,065.464 1,602.175 556.155
vi. Cut-off price (₹) / yield (%) for destination security 102.44/7.0803 98.00/7.0499 97.49/7.1427 96.81/7.0783 105.85/7.1235

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2024-2025/379


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