High Stakes, Long Maturities: RBI’s ₹27K Cr Bet on 2029 & 2054 Bonds Set for June 20

In a move to assist the Centre's borrowing schedule and keep the bond market greased, the Reserve Bank of India (RBI) has issued an underwriting auction for reissuance of government securities worth ₹27,000 crore on June 20, 2025.

 

The reissue will occur in two tranches

The lowest underwriting commitment decided by the RBI is ₹3.58 billion in case of the 2029 bonds and ₹2.86 billion for 2054 bonds. These underwriting commitments under the Additional Competitive Underwriting (ACU) mechanism secure adequate participation of primary dealers.

 

The auction will be conducted via the RBI’s E-Kuber system, with non-competitive bids accepted between 10:30 a.m. and 11:00 a.m., and competitive bids until 11:30 a.m. on the same day. Results will be published on the RBI website, and successful bidders must settle payments by June 23, 2025.

 

This reissue is part of the government’s broader borrowing strategy and follows a similar ₹32,000 crore reissue earlier this month. The move is expected to bolster market confidence and provide depth to the sovereign debt market.

 

Sources: Times of India,Economic Times, MSN – RBI’s June 20 bond auction announcement