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[RBI] Switching Of Government Of India (GoI)’s Securities

As part of liability management operations of Government of India’s sovereign debt, a switch operation of GoI securities has been conducted on June 12, 2017 with a scheduled commercial bank. Securities having face value of about Rs. 17,000 crore maturing in 2017-18 have been switched to longer tenor securities maturing in 2024-25 and 2029-30 at FIMMDA/ Market prices.

It may be recalled that the Union Budget 2017-18 has provided Rs. 1,00,000 crore for buyback and switch operations.

Ref: RBI's PR # 2016-2017/3349 dated Jun 12, 2017

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