India to Auction ₹320 Billion of 6.48% 2035 Bonds on Feb 27

The Reserve Bank of India (RBI) has announced that it will conduct an auction of ₹320 billion (₹32,000 crore) worth of 6.48% Government Bonds due 2035 on February 27, 2026. This issuance is part of the central government’s scheduled borrowing program for the fiscal year.

The auction will be conducted through RBI’s electronic bidding platform, with participation open to banks, primary dealers, and institutional investors. Retail investors can also access these securities via non-competitive bidding routes, ensuring wider participation.

Market analysts expect strong demand for the long-term paper, given its attractive yield and role in portfolio diversification. The issuance also supports the government’s fiscal management strategy, balancing expenditure needs with sustainable debt financing.

Key Highlights

• Auction Date: February 27, 2026.
• Bond Details: 6.48% Government Bonds maturing in 2035.
• Auction Size: ₹320 billion (₹32,000 crore).
• Participants: Banks, primary dealers, institutions, and retail investors.
• Objective: Fiscal management, liquidity support, and long-term investment opportunities.

This auction reinforces India’s commitment to transparent debt management and provides investors with a secure, long-term instrument backed by sovereign guarantees.

Sources: Reserve Bank of India Press Release; Economic Times Markets; Business Standard Finance