The Government of India announced the reissue of two dated securities totaling ₹33,000 crore on October 21, 2026—one maturing in 2031 and another in 2035—through auctions administered by the RBI.
Government Reissues Sovereign Securities Worth ₹33,000 Cr
On October 21, 2026, the Government of India (GoI) announced the reissue of two fixed-rate dated securities totaling ₹33,000 crore. The securities included the 6.53% GS 2031 for ₹19,000 crore and the 6.78% GS 2035 for ₹14,000 crore. Auctions are scheduled as part of the government’s borrowing program for FY 2026–27, with settlement dates to follow the auction calendar.
These reissues form part of the government’s market borrowing strategy to finance fiscal requirements. The use of reissues—rather than new securities—offers investors familiarity with instrument terms and supports liquidity in existing benchmark securities. The auction process will be conducted by the RBI, which will determine the final yield through competitive bidding.
For legal professionals in capital markets and institutional investment, these auctions are integral to fixed-income portfolio planning. The reissue structure impacts secondary market trading, repo eligibility, and collateral valuation. Counsel should advise clients on compliance with bidding procedures, tax implications under the Income Tax Act, and reporting obligations under securities regulations.
