Finance
Mr. BillionhairIndia’s Government Executes Huge Bond Switch with RBI Today
Listen up, folks! The Government of India just pulled off a massive bond switch with the RBI on February 13. They bought back bonds from 2026-27 and are strutting out a dazzling 2040 bond instead! Over Rs 75,500 crore in play! This is how you manage cash like a champion! Nobody does it better, believe me!
few days ago | Anjali Kumari
Quick rundown
1.India's government conducted a bond switch operation with RBI.
2.The operation aims to smoothen the liability profile by buying back securities.
3.The government issued a longer-dated security to manage debt.
4.The largest buyback component was the 8.33% GS 2026 bond.
5.Switch operations help reduce rollover risks and support market stability.
