Government Stock - Full Auction Results
(Amount in ₹ Crore) Auction Results 7.06% GS 2041 7.43% GS 2076 I. Notified Amount 23,000 13,000 II. Competitive Bids Received (i) Number 369 177 (ii) Amount 64,287.950 27,815.000 III. Cut-off price (₹) / Yield 96.18 95.33 (YTM: 7.4898%) (YTM: 7.8015%) IV. Competitive Bids Accepted (i) Number 106 63 (ii) Amount 22,915.377 12,991.249 V. Partial Allotment Percentage of Competitive Bids 81.3307%…
The government initiated a stock auction with a notified amount of ₹23,000 crore for two different types of bonds, namely 7.06% General Securities (GS) 2041 and 7.43% GS 2076. In total, 369 bids were received for the first bond and 177 bids for the second bond.
Out of these bids, 106 qualified for competitive allotment in the case of the first bond, covering ₹22,915.377 crore. For the second bond, 63 bids were accepted for competitive allotment, amounting to ₹12,991.249 crore. This resulted in an 81.33% cut-off price for the first bond and a 72.99% cut-off price for the second bond.
The weighted average price (WAY) for the first bond was 96.19 with a yield of 7.4886%, while the second bond had a WAY of 95.49 and a yield of 7.7882%. No non-competitive bids were accepted for either bond, with 5 bids and 3 bids received respectively.
The underwriting notification for both bonds was ₹23,000 crore. Primary dealers successfully underwrote the full amount, indicating a successful auction and allocation of funds.
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.
Also reported by 1 other outlet
- Government Stock - Auction Results: Cut-off rbi.org.in
