Document title: Buyback of Government of India Dated Securities
Issuing authority: Government of India
Reference number: 2026-2027/986
Date: August 28, 2026
Capital Markets and Flows
The Government of India announced an auction‑based buyback of its dated securities for an aggregate face value of ₹30,000 crore. The securities to be offered are: 7.33% Government Security (GS) 2026 maturing on 30 October 2026; 5.74% GS 2026 maturing on 15 November 2026; 8.15% GS 2026 maturing on 24 November 2026; and 8.24% GS 2027 maturing on 15 February 2027. No individual ceiling has been disclosed for each security; the total amount may be adjusted by the Government. The auction will employ a multiple‑price method. Offers are to be submitted electronically through the Reserve Bank of India’s Core Banking Solution (E‑Kuber) on 3 September 2026, between 10:30 a.m. and 11:30 a.m. The auction result will be announced on the same day, with settlement scheduled for 4 September 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, and to accept or reject any or all offers, either wholly or partially, without providing any reason.
The announcement underscores the Government’s flexibility in managing its debt portfolio and provides market participants with a clear procedural timeline for participation in the buyback auction.