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12. Auctions of 364-Day Government of India Treasury Bills
82531689

12. Auctions of 364-Day Government of India Treasury Bills

(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

 

Oct.

7, '98

Oct.

9, '98

400

400

—

—

400

90.36

10.7174

5,827

 

Jan.

13, '99

Jan.

15, '99

750

750

—

—

750

90.52

10.4972

6,519

 

Apr.

7, '99

Apr.

9, '99

500

500

—

—

500

90.95

9.9747

10,700

 

Jul.

14, '99

Jul.

15, '99

500

218

282

—

500

90.64

10.3266

13,300

 

Aug.

25, '99

Aug.

26, '99

500

500

—

—

500

90.70

10.2779

13,800

 

Sep.

8, '99

Sep.

9, '99

500

—

500

—

500

90.68

10.2779

13,900@

 

* :

Effective from auction dated May 19, 1999, devolvement amount would be on RBI only. @ : No bid was accepted.

Note :

Effective from auction dated June 2, 1999, non-competitive bids have been allowed.

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