RBI Details Latest Government Security Auction Results
The Reserve Bank of India has published the formal auction outcomes for two distinct government stocks, highlighting market participation figures, cut-off yields, and accepted bid volumes. The data covers the New Government Stock maturing in 2041 alongside the existing 7.43 percent government security maturing in 2076.
Breakdown of Bids and Allotments
For the new 2041 security, the central bank had set a notified amount of seventeen thousand crore rupees. Market participants submitted a substantial volume of competitive bids, totaling forty-nine thousand six hundred crore rupees across two hundred seventy-six applications. Out of these, one hundred forty-one competitive bids were accepted, securing a total amount of sixteen thousand nine hundred sixty-seven point one one crore rupees. The cut-off price for this paper was fixed at one hundred rupees, resulting in a yield to maturity of seven point zero six percent.
Similarly, for the 7.43 percent government stock maturing in 2076, the notified amount stood at eleven thousand crore rupees. Investors placed one hundred sixty-nine competitive bids amounting to twenty-nine thousand four hundred sixty-nine crore rupees. The central bank accepted thirty-eight competitive bids totaling ten thousand nine hundred ninety-one point two zero nine crore rupees. The cut-off price for the longer-tenor security settled at ninety-seven point five five rupees, reflecting a yield to maturity of seven point six two one two percent.
Non-Competitive Participation and Underwriting
The auction also accounted for non-competitive bidding segments across both securities. Key highlights include:
- Five non-competitive bids were received and fully accepted for the new 2041 stock, amounting to thirty-two point eight nine crore rupees.
- Four non-competitive bids were submitted and accepted for the 2076 security, totaling eight point seven nine one crore rupees.
- Underwriting commitments for both securities were fully accepted from primary dealers matching the notified amounts, with zero devolvement reported.
The weighted average price and yield metrics further reflected market clearing rates for the respective tenors, providing transparent pricing benchmarks for government borrowing operations.
Primary source: This independent news summary is based on official information from Reserve Bank of India. Read the original document for complete details.