Government of India Announces Sale of Dated Securities for Notified Amount of ₹32,000 Crore
Why it matters
The Government of India, in coordination with the Reserve Bank of India (RBI), has issued notification F.No.4(1)-B(W&M)/2026 dated April 20, 2026, for the sale of dated securities. The auction comprises four distinct papers: the 6.03% GS 2029 (₹11,000 crore), the 6.68% GS 2033 (₹11,000 crore), the 7.24% GS 2055 (₹5,000 crore), and a new Sovereign Green Bond (SGrB) 2056 (₹5,000 crore). This issuance is part of the government's borrowing programme to fund fiscal requirements and environmental initiatives through green financing.
The auction process, scheduled for April 24, 2026, will utilize the multiple price method where successful bidders receive the security at their quoted yield or price. A significant component is the Sovereign Green Bond, which aligns with India's commitments to climate-friendly infrastructure. The RBI has allowed a non-competitive bidding facility for individuals, allocating up to 5% of the notified amount. The settlement for these securities will take place on April 27, 2026. This auction is critical for managing national debt and liquidity, providing institutional and retail investors with varied maturity options.
| Security Name | 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 |
Glossary
Sovereign Green Bond (SGrB): A debt instrument issued by the government to raise funds for projects with positive environmental impacts.
e-Kuber: The Core Banking Solution of the Reserve Bank of India used for government securities auctions.