The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year June 07, 2024 to December 06, 2024 shall be 7.98 per cent per annum. It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. June 07, 2024) of 182 Day T-Bills, plus a fixed spread of One per cent. 

I. SUMMARY RESULTS Aggregate amount (Face Value) notified by RBI ₹ 30,000.000 crore Total amount offered (Face Value) by participants ₹ 8,631.914 crore Total amount accepted (Face Value) by RBI ₹ 7,287.563 crore  II. DETAILS OF EACH SECURITY  Security 7.35% GS 2024 8.40% GS 2024 6.18% GS 2024 FRB 2024 9.15% GS 2024 No. of offers received 6 1 11 6 2 Total amount (Face Value) offered (₹ Crore) 953.017 500.000 1,566.334 5,592.563 20.000 No of offers accepted 2 1 6 4 1 Total amount (Face Value) accepted by RBI (₹ Crore) 308.000 500.000 1,077.000 5,392.563 10.000 Cut off price (₹) 100.02 100.21 99.66 100.00 100.90 Weighted Avg Price (₹) 100.02 100.21 99.65 99.99 100.90 Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/448

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 07, 2024. 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

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received (i) Number 62 77 96 (ii) Amount ₹12821.325 Crore ₹12948.200 Crore ₹16629.280 Crore III. Cut-off price / Yield 98.3180 96.6185 93.4445 (YTM:6.8619%) (YTM:7.0189%) (YTM:7.0347%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3180 (YTM: 6.8619%) 96.6185 (YTM: 7.0189%) 93.4445 (YTM: 7.0347%) IV. Total Face Value Accepted ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore

The result of the auction of State Government Securities held on June 04, 2024 is as under: (Amount in ₹Crore)  ANDHRA PRADESH 2042 ANDHRA PRADESH 2044 ANDHRA PRADESH 2046 ANDHRA PRADESH 2049 Notified Amount 1000 1000 1000 1000 Tenure 18 20 22 25 Competitive Bids Received (i) No. 32 14 10 13 (ii) Amount 1680 2115 1415 1540 Cut off Yield (%) 7.43 7.43 7.43 7.38 Competitive Bids Accepted

Sr. No.    State/UT    Amount to be raised (₹Crore)    Amount Accepted (₹ Crore)    Cut off Yield (%)    Tenure (Year) 1.    Andhra Pradesh    1000    1000    7.43    18 1000    1000    7.43    20 1000    1000    7.43    22 1000    1000    7.38    25 

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 April 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated June 03, 2024 June 07, 2024 (Friday) June 10, 2024 (Monday) 2 7.30% GS 2053 June 19, 2053 9,000 Total 29,000

The Government of India has announced the buyback of its Securities through auction for an aggregate amount of ₹30,000 crore (face value). The following securities will be offered for buyback

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series X - Issue date December 04, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable.  Accordingly, the next due date of premature redemption of the above tranche shall be June 04, 2024.