Image Source: Outlook Business
The Government of India, in consultation with the Reserve Bank of India, will conduct a conversion/switch auction of government securities worth ₹25,000 crore on February 23, 2026. The move aims to manage debt maturities efficiently by extending redemption timelines and balancing the fiscal profile.
Show more
The Ministry of Finance has announced a securities conversion / switch operation scheduled for February 23, 2026. This auction, facilitated by the Reserve Bank of India, involves exchanging near-term maturing securities for longer-dated instruments. The initiative is part of the government’s strategy to smoothen its liability profile and reduce redemption pressures in upcoming years.
Key Highlights
-
The aggregate amount of conversion is ₹25,000 crore (face value)
-
Source securities include 6.97% GS 2026, 5.74% GS 2026, 8.15% GS 2026, and 8.24% GS 2027
-
Destination securities span longer maturities such as 8.32% GS 2032, 7.50% GS 2034, 7.62% GS 2039, 6.57% GS 2033, and 7.40% GS 2062
-
The switch operation helps extend maturities from 2026–2027 to 2032–2062, easing near-term repayment obligations
-
This conversion aligns with the government’s broader debt management strategy to ensure fiscal stability and investor confidence
Sources: Reserve Bank of India, Business Standard
Stay Ahead – Explore Now!
Grasim Industries Q3 Fy26: Standalone Net Loss Widens Amid Charges, Consolidated Growth Shines
Advertisement
STORIES YOU MAY LIKE
Image Source: WowNews24x7
Updated: February 17, 2026 18:19
Image Source: Future Founders
Updated: February 15, 2026 18:16
Updated: February 14, 2026 18:46
Advertisement