The Reserve Bank of India, in consultation with the Government of India, has converted a security maturing in 2018-19, having a total face value of ₹ 2,062 crore, to longer tenor securities maturing in 2026-27 and 2033-34.

The transaction was conducted on December 7, 2018 at the Financial Benchmarks India Private Limited (FBIL) prices with a scheduled commercial bank.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1337