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India’s Rs 36,000 Crore Bond Push—2028 and 2035 Securities Hit the Market


Updated: July 22, 2025 11:04

Image Source : Good returns
The Government of India has announced the reissue of two dated securities to raise Rs 36,000 crore through an auction conducted by the Reserve Bank of India (RBI) on July 25, 2025. The move is part of its routine borrowing program to meet fiscal needs and support development initiatives.
 
Key Highlights:
  • Rs 6,000 crore to be raised via 5.91% Government Security (GS) maturing on June 30, 2028
  • Rs 30,000 crore to be raised via 6.33% GS maturing on May 5, 2035
  • Option to retain an additional Rs 2,000 crore for each security based on investor response
  • Auction to be held via RBI’s eKuber platform using the multiple price method
  • Minimum bid size set at Rs 10,000 and in multiples thereafter
Investor Access & Trading:
  • Securities eligible for “When Issued” trading from July 22 to July 25
  • Available for repurchase transactions (repo) and open to nonresident investors under the Fully Accessible Route (FAR)
  • Noncompetitive bidding allowed, including via RBI Retail Direct
Purpose & Impact:
The funds will help bridge the fiscal deficit and finance infrastructure, welfare schemes, and other public expenditures. Government bonds remain a preferred investment due to their safety and predictable returns.
 
Next Steps:
Successful bidders must complete payment by July 28, 2025. Auction results will be declared on the same day.
 
Source: The Hindu BusinessLine, News Nation, Business Standard

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