The Reserve Bank of India (RBI ), on behalf of the Government of India, has announced a buyback of government securities (G-Secs) worth ₹25,000 crore (face value) through an auction on October 17, 2024.
This buyback is for managing the government’s debt portfolio and ensuring liquidity in the bond market. The total buyback amount is set at ₹25,000 crore, with no predetermined limit for individual securities within the overall ceiling. The buyback auction will use a multiple price method, allowing bidders to submit various price levels for the securities.
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The security-wise details of the buyback are as under:
| S. No. | Security | Date of Maturity |
| 1 | 7.72% GS 2025 | May 25, 2025 |
| 2 | 5.22% GS 2025 | June 15, 2025 |
| 3 | 8.20% GS 2025 | September 24, 2025 |
| 4 | 5.15% GS 2025 | November 09, 2025 |
| 5 | 7.59% GS 2026 | January 11, 2026 |
Participants interested in the auction can submit their bids electronically through the RBI’s E-Kuber system on October 17, 2024, between 10:30 a.m. and 11:30 a.m.
The results will be announced later that day, with settlement scheduled for October 18, 2024. Investors, including banks, mutual funds, insurance companies, and primary dealers, are expected to take part in this buyback.
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The government has outlined some key conditions for the buyback process. It reserves the right to decide the buyback amount for each individual security and can opt to accept more or less than the total notified amount of ₹25,000 crore. Additionally, the government holds the discretion to accept or reject any offers, either in full or in part, without providing any explanation.
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