In a move aimed at managing the Centre’s market borrowings, the Reserve Bank of India (RBI) on Monday announced the reissue of government securities worth Rs 27,000 crore in two separate tranches. The auction is scheduled for June 20.According to a notification from the Finance Ministry, the RBI will reissue Rs 15,000 crore of the 6.75 per cent Government Security (GS) maturing in 2029, and Rs 12,000 crore of the 7.09 per cent GS maturing in 2054, ANI reported. In addition, the Centre has retained the option to accept up to Rs 2,000 crore in oversubscriptions across both securities.A reissue allows the RBI to sell additional units of an existing bond instead of launching a new one, helping maintain liquidity in the bond market. The proceeds from this auction will be part of the government’s planned market borrowings.The RBI will conduct the auction via its E-Kuber system. Non-competitive bids will be accepted from 10:30 am to 11:00 am, followed by competitive bids from 10:30 am to 11:30 am. Results will be announced the same day on the RBI’s website. Payment by successful bidders is due on June 23, the designated date of reissue.The interest on the bonds will be paid semi-annually, calculated from either the date of original issuance or the last coupon date. Both securities will be redeemed at face value on maturity.Earlier in June, the RBI had also reissued two dated government securities worth Rs 32,000 crore, comprising Rs 16,000 crore each of the 6.92 per cent GS maturing in November 2039 and the 6.90 per cent GS due in April 2065.