August 11, 2026
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- India debuted its first-ever 50-year bond(dated government securities or G-Secs) at a cut-off yield of 7.46%.
- This is part of the government’s reorganisation of its borrowing profile.
| Dated G-Secs are securities which carry a fixed or floating coupon (interest rate) which is paid on the face value, on half yearly basis. |
- Reserve Bank of India (RBI) received bids worth Rs 40,200 crore (4x) for these ultra-long bonds, against the notified amount of Rs 10,000 crore.
- Prior to this, India’s longest tenor government bond was the 40-year paper. The cut-off yield on that is close to 7.47%.
- The government plans to raise Rs 6.55 lakh crore in the second half of the current financial year as part of its stated borrowing plan.
- The 50-year bond will be used to raise 4.58% of this target, the government had disclosed earlier.
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