India, June 11 -- The Government of India has announced a securities conversion (switch) auction worth Rs 30,000 crore, scheduled for June 15, 2026, as part of its debt management strategy to smoothen the government securities (G-Sec) redemption profile.
Under the switch operation, investors holding selected shorter-maturity government bonds maturing between 2027 and 2030 will have the opportunity to exchange them for longer-dated securities maturing between 2034 and 2039. The move is aimed at reducing near-term redemption pressures while extending the maturity profile of government debt.
The auction will cover eight source securities with a cumulative face value of ?30,000 crore, including bonds maturing in 2027, 2028, 2029, and 2030. Th...