By Tali David
Minneapolis, Dec. 2 - The Reserve Bank of India auctioned Rs. 140 billion of government stock in four tranches on Friday, according to a government announcement.
The bank priced a Rs. 30 billion add-on to its 8.12% bonds due 2020 at a cut-off price of 96.25 to yield 8.8476%.
Of the 126 competitive bids totaling Rs. 80.93 billion received, 40 were accepted for Rs. 29.94 billion. Five non-competitive bids were received and accepted for Rs. 63.1 million.
The bank also priced a Rs. 60 billion add-on to its 8.24% bonds due 2027 at a cut-off price of 93.73 to yield 9.0609%.
Of the 167 competitive bids totaling Rs. 104.46 billion received, 122 were accepted for Rs. 59.86 billion. Eight non-competitive bids were received and accepted for Rs. 140 million.
The bank priced a Rs. 20 billion add-on to its 9.2% bonds due 2030 at a cut-off price of 100.92 to yield 9.0895%.
Of the 114 competitive bids totaling Rs. 52.77 billion received, 64 were accepted for Rs. 19.92 billion. Seven non-competitive bids were received and accepted for Rs. 83.6 million.
The bank also priced a Rs. 30 billion add-on to its 8.83% bonds due 2041 at a cut-off price of 96.39 to yield 9.1903%.
Of the 104 competitive bids totaling Rs. 64.68 billion received, 59 were accepted for Rs. 29.94 billion. Four non-competitive bids were received and accepted for Rs. 60 million.
Issuer: | Reserve Bank of India
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Total amount: | Rs. 140 billion
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Issue: | Government stock
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Auction date: | Nov. 29
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Bonds due 2020
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Amount: | Rs. 30 billion
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Maturity: | 2020
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Coupon: | 8.12%
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Cut-off price: | 96.25
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Yield: | 8.8476%
|
|
Bonds due 2027
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Amount: | Rs. 60 billion
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Maturity: | 2027
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Coupon: | 8.24%
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Cut-off price: | 93.73
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Yield: | 9.0609%
|
|
Bonds due 2030
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Amount: | Rs. 20 billion
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Maturity: | 2030
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Coupon: | 9.2%
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Cut-off price: | 100.92
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Yield: | 9.0895%
|
|
Bonds due 2041
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Amount: | Rs. 30 billion
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Maturity: | 2041
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Coupon: | 8.83%
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Cut-off price: | 96.39
|
Yield: | 9.1903% |
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