India to Raise ₹28,000 Crore via Bond Auction on December 12

The Government of India has announced a bond auction worth ₹280 billion scheduled for December 12, 2025, as part of its ongoing market borrowing program. According to the Reserve Bank of India, the auction will feature two long-term securities — ₹120 billion of the 6.90% Government Security (G-sec) maturing in 2065 and ₹160 billion of the 6.68% G-sec maturing in 2040.

The upcoming issuance reflects New Delhi’s efforts to balance fiscal requirements while maintaining liquidity in the sovereign debt market. These long-tenor bonds are expected to attract participation from insurance companies, pension funds, and long-term investors seeking steady yields. The RBI will conduct the auction using its multiple-price method, where successful bidders pay the price they bid.

Key Highlights:

Total auction size: ₹280 billion (₹28,000 crore)

Date of auction: December 12, 2025

Securities offered:

₹120 billion of 6.90% GS 2065

₹160 billion of 6.68% GS 2040

Auction method: Multiple-price basis

Expected bidders: Banks, insurance firms, pension funds, mutual funds

Sources: Reserve Bank of India (RBI), Ministry of Finance.