I.T-Bill91 days182 days364 days II.Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3125 (YTM: 6.8847%)96.5678 (YTM: 7.1279%)93.3485 (YTM: 7.1450%)

IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1085

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹18,000 crore (face value). The security-wise details of the conversion/switch are given as under:

Date of AuctionSource SecuritiesAmount (FV) of Source Securities
(In ₹ crore)Destination Securities

The result of the auction of State Government Securities held on October 10, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038GOA 2033GUJARAT 2028GUJARAT 2029* Notified Amount 4501001000500 Tenure 151056 Competitive Bids Received    

(i) No.401610460

(ii) Amount26155526198.23682.5

Cut-off Yield (%)7.677.707.62-

Competitive Bids Accepted    

(i) No.9714-

(ii) Amount416.80790.835910.823-

Partial Allotment Percentage of Competitive Bids    

(i) Percentage30.458613.83580.2323-

(ii) No.(4 bids)(1 bid)(6 bids)-

Non-Competitive Bids Received    

(i) No.77127

(ii) Amount33.1939.16589.17722.799

Non-Competitive Price (₹)100.26100.21100.090

Non-Competitive Bids Accepted    

(i) No.7712-

(ii) Amount33.1939.16589.177-

Partial Allotment Percentage of Non-Competitive Bids    

(i) Percentage----

(ii) No.----

Weighted Average Yield (%)7.64017.67027.5975-

Total Allotment Amount45010010000

 

 PUNJAB 2036**SIKKIM 2033TAMILNADU 2053UTTAR PRADESH 2034

Notified Amount100040020002000

Tenure13103011

Competitive Bids Received    

(i) No.852623140

(ii) Amount6466199780358494

Cut-off Yield (%)7.757.757.627.70

Competitive Bids Accepted    

(i) No.2612248

(ii) Amount829371.4631987.5611800

Partial Allotment Percentage of Competitive Bids    

(i) Percentage-4.731599.378160.6452

(ii) No.-(1 bid)(2 bids)(11 bids)

Non-Competitive Bids Received    

(i) No.48317

(ii) Amount22.52228.53712.439288.902

Non-Competitive Price (₹)100.14100.30100.00100.18

Non-Competitive Bids Accepted    

(i) No.48317

(ii) Amount22.52228.53712.439200

Partial Allotment Percentage of Non-Competitive Bids    

(i) Percentage---69.2276

(ii) No.---(17 bids)

Weighted Average Yield (%)7.73307.70707.62007.6760

Total Allotment Amount851.52240020002000

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.46 15 2 Assam 250 250 7.47 5 3 Bihar 2000 2000 7.49 8 4 Goa 100 100 7.49 10 5 Kerala 2000 2000 7.47 14 6 Mizoram 80 80 7.46 16 7 Uttar Pradesh 3000 3000 7.49 11 TOTAL 8,430 8,430 Ajit Prasad Director (Communications) Press Release: 2023-2024/789

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.99% GS 2026 Apr 17, 2026 8,000 F.No.4(3)-B(W&M)/2023 dated August 28, 2023 September 01, 2023 (Friday) September 04, 2023 (Monday) 2 7.17% GS 2030 Apr 17, 2030 7,000 3 7.18% GS 2037 July 24, 2037

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹10,250 Crore (Face Value).

Sr. No.    State    Amount to be raised
(₹ Cr)    Additional Borrowing (Greenshoe) Option
(₹ Cr)    Tenure
(Year)    Type of Auction
1    Andhra Pradesh    450    -    15    Yield
2    Goa    100    -    10    Yield
3    Gujarat    1000    -    5    Yield
500    -    6    Yield
4    Punjab    1000    -    13    Yield
5    Sikkim    400    -    10    Yield
6    Tamil Nadu    2000    -    30    Yield
7    Uttar Pradesh    2000    -    11    Yield
2000    -    12    Yield
8    Uttarakhand    800    -    10    Yield
     TOTAL    10,250               
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2    182 Days    8,000
3    364 Days    9,000

Total    24,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:

Category    Timing
Competitive bids    10:30 am - 11:30 am
Non-Competitive bids    10:30 am - 11:00 am
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, October 05, 2023.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)
2    182 Days    8,000
3    364 Days    9,000

Total    24,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:

Category    Timing
Competitive bids    10:30 am - 11:30 am
Non-Competitive bids    10:30 am - 11:00 am
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, October 05, 2023.

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received (i) Number112187187 (ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore IV.Cut-off price / Yield98.7698.8096.78 (YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%) V.Competitive Bids Accepted (i) Number3883107 (ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore

VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%

(2 Bids)(11 Bids)(2 Bids)

VII.Weighted Average Price/Yield98.7698.8097.02

(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)

VIII.Non-Competitive Bids Received   

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

IX.Non-Competitive Bids Accepted   

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

(iii) Partial Allotment Percentage---

X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore

XI.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1057

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cutoff 98.76/7.3886%98.80/7.3514%96.78/7.5726% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore IV.Devolvement on Primary DealersNILNILNIL Ajit Prasad Director (Communications)

Press Release: 2023-2024/1056

In the underwriting auctions conducted on October 06, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)

Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)

7.06% GS 20287,0003,5073,4937,0002.70

7.18% GS 203313,0006,5106,49013,0005.00

7.30% GS 205310,0005,0194,98110,0006.27

Auction for the sale of securities will be held on October 06, 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1054

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 06, 2023.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ crore)

SecurityNotified AmountMinimum Underwriting Commitment (MUC) amount per PDMinimum bidding commitment per PD under ACU auction

7.06% GS 20287,000167167

7.18% GS 203313,000310310

7.30% GS 205310,000239239

The underwriting auction will be conducted through multiple price-based method on October 06, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 10.30 A.M. and 11.00 A.M. on the day of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1046

I.T-Bill91 days182 days364 days II.Total Face Value Notified₹7,000 Crore₹8,000 Crore₹9,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3175 (YTM: 6.8640%)96.5808 (YTM: 7.0999%)93.3610 (YTM: 7.1306%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1039

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number164174209 (ii) Amount₹18860.052 Crore₹19901.450 Crore₹21501 Crore III.Cut-off price / Yield98.317596.580893.3610 (YTM: 6.8640%)(YTM: 7.0999%)(YTM: 7.1306%) IV.Competitive Bids Accepted (i) Number4484109 (ii) Amount₹6966.320 Crore₹7974.249 Crore₹8981.290 Crore V.Partial Allotment Percentage of Competitive Bids83.11%44.16%85.15% (3 Bids)(4 Bids)(1 Bid)

VI.Weighted Average Price/Yield98.334696.588993.3828

(WAY: 6.7930%)(WAY: 7.0825%)(WAY: 7.1056%)

VII.Non-Competitive Bids Received   

(i) Number864

(ii) Amount₹1557.680 Crore₹449.371 Crore₹302.840 Crore

VIII.Non-Competitive Bids Accepted   

(i) Number864

(ii) Amount₹1557.680 Crore₹449.371 Crore₹302.840 Crore

(iii) Partial Allotment Percentage---

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1040

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 shall be 7.69 per cent per annum.

It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2023) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1036

The result of the auction of State Government Securities held on October 03, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2034ANDHRA PRADESH 2041ASSAM 2033BIHAR 2031 Notified Amount 1000100010002000 Tenure1118108 Competitive Bids Received (i) No.38213367 (ii) Amount3015320522804745 Cut-off Yield (%)7.607.507.627.62 Competitive Bids Accepted


 

(i) No.1812756

(ii) Amount989.868999.961979.9071964.682

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage43.894499.996162.80432.3048

(ii) No.(3 bids)(1 bid)(2 bids)(6 bids)

Non - Competitive Bids Received


 

(i) No.3236

(ii) Amount10.1320.03920.09335.318

Non-Competitive Price (₹)100.21100.00100.44100.24

Non-Competitive Bids Accepted


 

(i) No.3236

(ii) Amount10.1320.03920.09335.318

Partial Allotment Percentage of Non-Competitive Bids


 

(i) Percentage----

(ii) No.----

Weighted Average Yield (%)7.57227.50007.55597.5797

Total Allotment Amount1000100010002000

Sr. NoStateAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Yield (%)Tenure (Year) 1Andhra Pradesh100010007.6011 100010007.5018 2Assam100010007.6210 3Bihar200020007.628 4Chhattisgarh100010007.548 5Haryana5005007.5310 100010007.5912 6Kerala100010007.4922 7Madhya Pradesh200020007.5512 100010007.5115 8Punjab150015007.6712 9Rajasthan100010007.5410 10Tamil Nadu100010007.5210 11Telangana100010007.559 100010007.4921 12Uttar Pradesh300030007.5612 13Uttarakhand5005007.5410 14West Bengal200020007.5916 TOTAL22,50022,500
Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1029

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No    Security    Date of Repayment    Notified Amount(₹ crore)    GoI specific Notification  Auction Date Settlement Date 1 7.06% GS 2028 Apr 10, 2028 7,000 F.No.4(3)-B(W&M)/2023 dated September 29, 2023 October 06, 2023 (Friday) October 09, 2023 (Monday) 2 7.18% GS 2033 Aug 14, 2033 13,000

In the underwriting auctions conducted on September 28, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:(₹ crore) Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate (paise per ₹100) 6.99% GS 20268,0004,0113,9898,0000.63

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)2 182 Days 8,000 3 364 Days 9,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-ccompetitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).