Government of India Announces ₹32,000 Crore Dated Securities Auction Including New Sovereign Green Bond
The Government of India has notified the auction of four dated securities for a total notified amount of ₹32,000 crore, scheduled for April 24, 2026. The issuance includes a new Sovereign Green Bond maturing in 2056 and features a greenshoe option of ₹2,000 crore per security.
Key Facts
- Total notified auction amount: ₹32,000 crore plus ₹2,000 crore greenshoe option per security.
- Issuance includes a new GOI Sovereign Green Bond (SGrB) 2056 for ₹5,000 crore.
- Auction date: April 24, 2026, with settlement on April 27, 2026.
- Multiple price method used for the yield-based (new security) and price-based (re-issued) auction.
- Non-competitive segment reserved: 5% of the notified amount for eligible individuals and institutions.
- When Issued trading window: April 21, 2026, to April 24, 2026.
The Government of India, via notification F.No.4(1)-B(W&M)/2026 dated April 20, 2026, has announced the sale of four dated securities. The auction, totaling ₹32,000 crore, consists of the 6.03% GS 2029 (₹11,000 crore), 6.68% GS 2033 (₹11,000 crore), 7.24% GS 2055 (₹5,000 crore), and a new Sovereign Green Bond (SGrB) maturing on April 27, 2056 (₹5,000 crore). The government retains the option to accept additional subscriptions up to ₹2,000 crore against each individual security.
| Security | Repayment Date | Notified Amount (₹ Crore) |
|---|---|---|
| 6.03% GS 2029 | Jan 27, 2029 | 11,000 |
| 6.68% GS 2033 | Jan 27, 2033 | 11,000 |
| 7.24% GS 2055 | Aug 18, 2055 | 5,000 |
| New GOI SGrB 2056 | Apr 27, 2056 | 5,000 |
The Reserve Bank of India (RBI) will conduct the auction using the multiple price method via the e-Kuber system. Competitive and non-competitive bids must be submitted on April 24, 2026. Non-competitive bids, limited to 5% of the notified amount per security, are open to individuals and institutions through the Retail Direct portal or banks. Primary Dealers may submit underwriting bids for the Additional Competitive Underwriting (ACU) portion between 09:00 a.m. and 09:30 a.m. on the auction date. Successful bidders must make payments by April 27, 2026.
These securities are eligible for 'When Issued' trading from April 21 to April 24, 2026. Interest payments will be made half-yearly, and the stocks are eligible for Repurchase Transactions (Repo) and the Fully Accessible Route for non-resident investment.
Glossary
Multiple Price Method: An auction format where successful bidders pay the specific price or yield they bid, rather than a single uniform price.
Sovereign Green Bond (SGrB): A government-issued debt instrument specifically used to fund projects with environmental benefits.
Greenshoe Option: A provision allowing the issuer to retain additional subscriptions beyond the notified amount, set at ₹2,000 crore per security for this auction.
Rate this Study Update
Help other aspirants by rating the quality & accuracy of this current affair article.
Pulse Forums Discussions
Start a dedicated discussion thread or link this article to an active thread for study conversation.