India announces auction of ₹34,000 crore 6.48% bond due October 6, 2035
Change
India announced the re-issue of a 6.48% Government of India bond maturing October 6, 2035, for a notified amount of ₹34,000 crore with an option to retain an additional ₹2,000 crore and scheduled the auction for April 10, 2026 via the Reserve Bank of India’s e-Kuber system.
Why it matters
Bidders must meet narrow electronic submission windows on April 10, 2026 for competitive and non-competitive bids or risk non-acceptance. Successful bidders are required to complete payment on April 13, 2026 to finalise settlement.
Implications
- • Primary Dealers must submit Additional Competitive Underwriting bids on the Reserve Bank of India e-Kuber system between 09:00 and 09:30 on April 10, 2026 or their underwriting bids will not be considered.
- • Competitive bidders must submit electronic bids on the e-Kuber system between 10:30 and 11:30 a.m. on April 10, 2026 or their bids will not be accepted.
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