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Date : Dec 15, 2025

Result: Conversion/Switch Auction of Government of India Securities

A.

Source Security

8.24% GS 2027

7.38% GS 2027

6.64% GS 2027

7.17% GS 2028

8.60% GS 2028

7.59% GS 2029

B.

Notified Amount (in Rs crore)

2,000

2,000

2,000

3,000

3,000

3,000

Destination Security

7.50% GS 2034

6.67% GS 2035

6.57% GS 2033

7.57% GS 2033

6.57% GS 2033

6.19% GS 2034

C.

i. No. of offers received

16

25

4

29

28

17

ii. Total amount of Source Security offered (Face value, in Rs crore)

3,057.559

3,269.369

2,480.000

6,092.932

7,058.109

4,517.363

iii. No. of offers accepted

4

2

0

6

5

3

iv. Total amount of source security accepted (Face value, in Rs crore)

1,537.559

195.000

0

1,075.000

3,000.000

3,000.000

v. Total amount of destination security issued (Face value, in Rs crore)

1,490.073

198.504

0

1,039.987

3,184.485

3,226.530

vi. Cut-off price (Rs) / yield (%) for destination security

106.01/6.5759

100.51/6.5995

NA

105.95/6.5534

100.05/6.5613

97.42/6.5806

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/1702