Government Stock - Full Auction Results
(Amount in ₹ Crore) Auction Results 7.06% GS 2041 7.43% GS 2076 I. Notified Amount 17,000 11,000 II. Competitive Bids Received (i) Number 264 160 (ii) Amount 43,115.000 26,354.000 III. Cut-off price (₹)/Yield 99.93 98.22 (YTM: 7.0668%) (YTM: 7.5674%) IV. Competitive Bids Accepted (i) Number 141 42 (ii) Amount 16,940.690 10,984.800 V. Partial Allotment Percentage of Competitive Bids 60.2602%…
The Government Stock auction results for the 7.06% and 7.43% General Security (GS) bonds were announced, with a total notified amount of ₹17,000 crore and ₹11,000 crore respectively. A competitive bidding process was conducted, attracting a total of 284 bids – 264 for the 7.06% GS bond and 160 for the 7.43% GS bond. Of these, 141 bids were accepted for the 7.06% bond, amounting to ₹16,940.690 crore, while 42 bids were accepted for the 7.43% bond, raising ₹10,984.800 crore.
This represented a 60.2602% and 48.5333% acceptance rate respectively, out of the total competitive bids. The weighted average price (WAY) yield for both bonds was revealed to be 99.96% and 98.38% respectively, with a corresponding yield to maturity (YTM) of 7.0635% and 7.5548%. Non-competitive bids were also received, totalling 8 for the 7.06% GS bond and 4 for the 7.43% GS bond, both of which were fully accepted.
No underwriting was required, with the notified amounts fully accepted from primary dealers. Ajit Prasad, Deputy General Manager (Communications), published the official press release detailing these auction outcomes.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
