Conversion/Switch of Government of India (GoI)’s Securities - আৰবিআই - Reserve Bank of India
Conversion/Switch of Government of India (GoI)’s Securities
The Government of India has been undertaking conversion or switch operations with market participants as well as with the Reserve Bank with the objective of smoothening the liability profile as well as for market development. As part of these operations, Government has done a conversion transaction with the Reserve Bank on January 28, 2022 for an amount of ₹1,19,701 crore (Face Value). The transaction involved buying back securities maturing in FY 2022-23, FY 2023-24 and FY 2024-25 from the Reserve Bank and issuing fresh securities for equivalent market value, to make the transaction cash neutral. The transactions were carried out using Financial Benchmarks India Pvt Ltd. (FBIL) prices as on January 28, 2022. The details are as below:
(Yogesh Dayal) Press Release: 2021-2022/1635 |