Government to buy back of 5 bonds worth Rs 25,000 crore on June 5

Bonds

Government of India on May 30 announced the buy back of five government bonds worth Rs 25,000 crore through auction which will be held on June 5, according to the Reserve Bank of India’s (RBI) notification.

These five bonds are 7.27% GS 2026, 6.99% GS 2026, 6.97% GS 2026, 7.33% GS 2026, and 8.24% GS 2027, release said.

There is no notified amount for the individual securities within the aggregate ceiling of Rs 25,000 crore, RBI said.

The auction will take place on June 5 between 10:30 AM and 11:30 AM, and the settlement will take place on June 6.

The central bank said that government reserves the right to decide on the quantum of buyback of individual securities, accept more or less than the notified amount of Rs 25,000 crore, and accept or reject any or all of the offers, either wholly or partially, without assigning any reason thereof.

According to the RBI’s data, 7.27% GS 2026 have an outstanding stocks of Rs 56,248.949 crore, 6.99% GS 2026 have an outstanding stock of Rs 45,399.037, 6.97% GS 2026 have Rs 62,843.393 crore as outstanding, 7.33% GS 2026 have Rs 50,000 crore, and 8.24% GS 2027 have a outstanding stock of Rs 96,600.536 crore.