New Delhi— The Centre has notified the re-issue of government securities worth ₹32,000 crore as part of its ongoing borrowing programme to meet fiscal requirements, with the auction to be conducted by the Reserve Bank of India.
According to the Ministry of Finance, two government bonds will be auctioned. These include a 6.36 per cent government security maturing in 2031 with a notified amount of ₹21,000 crore, and a 6.90 per cent security maturing in 2065 with a notified amount of ₹11,000 crore.
The government has also retained the option to accept additional subscriptions of up to ₹2,000 crore for each security, depending on market response.
The auction is scheduled for April 17, 2026, and will be conducted through RBI’s electronic platform, E-Kuber, at its Mumbai office. Non-competitive bids will be accepted between 10:30 am and 11:00 am, while competitive bids can be submitted until 11:30 am. The results will be announced the same day, with successful bidders required to complete payments by April 20.
To encourage broader participation, up to 5 per cent of the notified amount has been reserved for non-competitive bidders, including retail investors and eligible institutions. Individuals can participate through authorised intermediaries or via the RBI’s Retail Direct Gilt Account platform, subject to conditions.
Both securities will offer half-yearly interest payments and will be redeemed at par upon maturity. The 2031 bond will have coupon payments on August 16 and February 16 each year, while the 2065 bond will pay interest on April 15 and October 15 annually.
Officials said the issuance is part of the government’s broader market borrowing strategy and is expected to draw strong interest from both institutional and retail investors, given the stability and sovereign backing of such instruments.
