The Government of India has successfully conducted the reissue auction of 6.94% GS 2036 securities, raising ₹34,000 crore through the multiple-price method. According to latest reports, this represents a significant government securities offering that was scheduled for September 25, 2026. The auction was conducted as a reissue, allowing for price-based pricing while maintaining flexibility in meeting market demand.
The auction followed a structured timeline with non-competitive bids submitted from 10:30-11:00 a.m. and competitive bids from 10:30-11:30 a.m. on September 25, 2026, through the Reserve Bank of India Core Banking Solution (e-Kuber system). As reported, successful bid results were announced on the same day, with payment scheduled for September 28, 2026. Primary Dealers were also given the opportunity to submit bids for the additional competitive underwriting portion from 9:00-9:30 a.m. on September 25, 2026.
The Government of India retained the option to retain additional subscription up to ₹2,000 crore against the security, providing flexibility in meeting market demand. According to the latest reports, 5% of the sale amount was allocated through non-competitive bidding, with retail investors able to participate via the Retail Direct portal. The securities are now eligible for repo transactions and 'When Issued' trading from September 22, 2026 to September 25, 2026, under applicable RBI guidelines. Investment by non-resident investors will be subject to the fully accessible route and relevant RBI guidelines.
The auction was conducted as a price-based reissue, with successful non-competitive allotments made at the weighted average yield or price derived from competitive bids. As reported, RBI retained discretion to accept or reject bids in full or in part, and securities were credited to successful bidders' SGL or CSGL accounts. The securities are now eligible for repo transactions and 'When Issued' trading in Central Government Securities under applicable RBI guidelines, ensuring compliance with market regulations and investor accessibility.
