(Rs. crore)

Date of

Date of

Notified

Competitive

Devolvement

Non-Compe-

Total

Weighted

Implicit Yield

Amount Outstan-

Auction

Issue

Amount

Bids

on PDs and

titive Bids

Issue

Average

at Cut-off

ding as on the

Accepted

RBI*

Accepted

(4+5+6)

Price

Price

Date of Issue

(Face Value)

(Face Value)

(Face Value)

(Face Value)

(per cent)

(Face Value)

1

2

3

4

5

6

7

8

9

10

Jul.

3, '98

Jul.

4, '98

100

20

80

50

150

98.20

7.3320

3,460

Oct.

9, '98

Oct.

10, '98

500

382

118

40

540

97.57

9.9621

6,151

Jan.

1, '99

Jan.

2, '99

100

100

—

—

100

97.67

9.5423

5,670

Apr.

1, '99

Apr.

3, '99

100

100

—

20

120

97.86

8.7472

1,520

Jul.

2, '99

Jul.

3, '99

100

73

27

25

125

97.73

9.2909

3,505

Jul.

9, '99

Jul.

10, '99

100

98

2

—

100

97.73

9.2909

3,475

* :

Effective from auction dated May 14, 1999, devolvement amount would be on RBI only.

Note :

Uniform Price Auction was introduced from November 6, 1998. From that date onwards, weighted average price and cut-off price will be same since all the successful bidders are allotted at cut-off price.