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Date : Apr 21, 2025
Result: Switch/Conversion Auction of Government Securities
A. Source Security 6.99% GS 2026 8.33% GS 2026 6.97% GS 2026 8.15% GS 2026
B. Notified Amount (amount in ₹ cr) 3,000 3,000 4,000 5,000
Destination Security 6.22% GS 2035 6.64% GS 2035 6.67% GS 2035 6.19% GS 2034
C. i. No. of offers received 19 13 49 17
ii. Total amount of Source Security offered (Face value in ₹ cr) 5,985.762 2,305.517 6,542.308 5,566.080
iii. No of offers accepted 14 11 25 3
iv. Total amount of source security accepted (Face value in ₹ cr) 3,000.000 2,235.000 4,000.000 375.693
v. Total amount of destination security issued (Face value in ₹ cr) 3,067.238 2,253.447 3,968.348 392.805
vi. Cut-off price (₹) / yield (%) for destination security 98.60/6.4121 101.60/6.4215 101.92/6.4169 98.67/6.3792

A. Source Security 7.06% GS 2028 8.60% GS 2028 7.59% GS 2029
B. Notified Amount (amount in ₹ cr) 5,000 4,000 4,000
Destination Security 6.22% GS 2035 6.19% GS 2034 6.57% GS 2033
C. i. No. of offers received 27 24 28
ii. Total amount of Source Security offered (Face value in ₹ cr) 9,358.475 5,979.296 15,662.031
iii. No of offers accepted 16 17 11
iv. Total amount of source security accepted (Face value in ₹ cr) 5,000.000 4,000.000 4,000.000
v. Total amount of destination security issued (Face value in ₹ cr) 5,196.050 4,335.507 4,150.535
vi. Cut-off price (₹) / yield (%) for destination security 98.74/6.3926 98.67/6.3792 101.25/6.3778

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/143


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