Document Title: Buyback of Government of India Dated Securities
Issuing Authority: Government of India (Press Release)
Reference No: 2026-2027/522
Date: 23 June 2026
Capital Markets and Flows
The Government of India has announced a buyback of its dated securities with an aggregate ceiling of ₹30,000 crore. The securities included are 7.33% GS 2026 (maturing 30 Oct 2026), 5.74% GS 2026 (maturing 15 Nov 2026), 8.15% GS 2026 (maturing 24 Nov 2026) and 8.24% GS 2027 (maturing 15 Feb 2027). No specific amount has been allocated to each security; the total amount will be determined through an auction conducted on a multiple‑price basis.
Bids must be submitted electronically on the Reserve Bank of India’s Core Banking Solution (E‑Kuber) on 29 June 2026 between 10:30 a.m. and 11:30 a.m. The auction result will be announced on the same day, and settlement is scheduled for 30 June 2026.
Regulatory and Policy Measures
The Government reserves the right to decide the quantum of buyback for each security, to accept more or less than the notified ₹30,000‑crore ceiling, and to accept or reject any or all offers, wholly or partially, without providing any reason. The auction will be conducted using the multiple‑price method, and offers are to be submitted in electronic format only.
The buyback reflects the Government’s intent to manage its debt profile and provides market participants with an opportunity to tender their holdings under the stated terms.