By Tali David
Minneapolis, Sept. 21 - The Reserve Bank of India auctioned Rs. 150 billion of government bonds in four tranches on Friday, according to a government announcement.
The bank priced a Rs. 40 billion add-on to its 8.19% bonds due 2020 at a cut-off price of 99.66 to yield 8.2493%.
Of the 159 competitive bids totaling Rs. 97.95 billion received, 77 were accepted for Rs. 39.85 billion. Six non-competitive bids were received and accepted for Rs. 149.1 million.
The bank also priced a Rs. 20 billion add-on to its 8.28% bonds due 2032 at a cut-off price of 97.17 to yield 8.5805%.
Of the 82 competitive bids totaling Rs. 34.9 billion received, 67 were accepted for Rs. 19.87 billion. Eight non-competitive bids were received and accepted for Rs. 127.2 million.
The bank priced a Rs. 20 billion add-on to its 8.83% bonds due 2041 at a cut-off price of 103 to yield 8.5471%.
Of the 71 competitive bids totaling Rs. 50.24 billion received, 24 were accepted for Rs. 20 billion. No non-competitive bids were received.
The bank also priced Rs. 70 billion of its government stock 2025 to yield 8.2%.
Of the 239 competitive bids totaling Rs. 181.29 billion received, 110 were accepted for Rs. 69.73 billion. Nine non-competitive bids were received and accepted for Rs. 269.5 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government bonds
|
| Auction date: | Sept. 21
|
|
|
| Bonds due 2020
|
| Amount: | Rs. 40 billion
|
| Maturity: | 2020
|
| Coupon: | 8.19%
|
| Cut-off price: | 99.66
|
| Yield: | 8.2493%
|
|
|
| Bonds due 2032
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2032
|
| Coupon: | 8.28%
|
| Cut-off price: | 97.17
|
| Yield: | 8.5805%
|
|
|
| Bonds due 2041
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2041
|
| Coupon: | 8.83%
|
| Cut-off price: | 103
|
| Yield: | 8.5471%
|
|
|
| Bonds due 2025
|
| Amount: | Rs. 70 billion
|
| Maturity: | 2025
|
| Yield: | 8.20%
|
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