In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IV - Issue date October 23, 2017) and F.No. 4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series II – Issue date October 23, 2018) 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 tranches shall be October 23, 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 25, 2023 (Wednesday)
October 26, 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.F4(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

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

New GS 20287.18% GS 20337.30% GS 2053I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cut off 7.37%98.71/7.3648%96.96/7.5571% 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: 2023-2024/1152

In the underwriting auctions conducted on October 20, 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:

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on October 20, 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

New GS 20287,000167167

7.18% GS 203313,000310310

7.30% GS 205310,000239239

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,900 Crore (Face Value).

Sr. No.State / UTAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction

1Andhra Pradesh1000-13Yield

1000-19Yield

2Jammu and Kashmir300-30Yield

3Karnataka1000-10Yield

1000-11Yield

4Madhya Pradesh1000-11Yield

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 Price98.3105 (YTM: 6.8930%)96.5635 (YTM: 7.1372%)93.3529
(YTM: 7.1400%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore Ajit Prasad Director (Communications)

Press Release: 2023-2024/1133

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number151198178 (ii) Amount₹26543.351 Crore₹24590.777 Crore₹29674.700 Crore

Sr. NoState / UTAmount to be raised (₹ Crore) Amount Accepted
(₹ Crore) Cut off Yield
(%)Tenure (Year) 1Andhra Pradesh5005007.6614 5005007.6120 2Assam100010007.6710

3Bihar200020007.708

4Goa1001007.6710

5Haryana100010007.6612

6Himachal Pradesh100010007.6220

7Jammu and Kashmir4004007.5630

8Karnataka100010007.649

9Meghalaya3223227.728

10Mizoram60607.7215

11Rajasthan100010007.6220

12Tamil Nadu200020007.6510

13Telangana5005007.6516

14Uttar Pradesh200020007.6811

15West Bengal*250030007.6420

TOTAL15,88216,382
 

*West Bengal has accepted an additional amount of ₹500 Crore in the 20-year security.

The result of the auction of State Government Securities held on October 17, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037ANDHRA PRADESH 2043ASSAM 2033BIHAR 2031 Notified Amount5005001000200 Tenure1420108 Competitive Bids Received (i) No.51156496 (ii) Amount3780258549207343.5 Cut-off Yield (%)7.667.617.677.70 Competitive Bids Accepted

A.Source SecurityGOI FRB, 2024GOI FRB, 2024GOI FRB, 20249.15% GS 20247.59% GS 20268.15% GS 20268.24% GS 20278.24% GS 2027

B.Notified Amount (amount in ₹ cr)1,50010,0002,5002,0001,0001,0001,0001,000

Destination Security7.95% GS 20327.40% GS 20359.20% GS 20308.28% GS 20327.50% GS 20346.80% GS 20607.16% GS 20506.80% GS 2060

C.i. No. of offers received627006338

ii. Total amount of Source Security offered (Face value in ₹ cr)3,425.00016,791.000002,050.000300.000350.0001,384.553

iii. No of offers accepted14002004

iv. Total amount of source security accepted (Face value in ₹ cr)1,500.0002,000.000001,000.00000434.553

v. Total amount of destination security issued (Face value in ₹ cr)1449.9372000.550001000.49600489.548

vi. Cut-off price (₹) / yield (%) for destination security103.37/7.422199.87/7.4152NANA100.53/7.4257NANA91.01/7.5216

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

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series III - Issue date October 16, 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 October 16, 2023.

Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹12000 Crore₹10000 Crore₹12000 Crore II.Underwriting Notified Amount₹12000 Crore₹10000 Crore₹12000 Crore

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 18, 2023
(Wednesday)    October 19, 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 18, 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 19, 2023.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1108

7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount ₹12,000 crore ₹10,000 crore ₹1 2,000 crore II.Cut off Price / Implicit Yield at cut-off98.85/7.3959%97.73/7.4444%96.36/7.5387%

III.Amount accepted in the auction₹12,000 crore₹10,000 crore₹12,000 crore

IV.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1103

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,882 Crore (Face Value).

In the underwriting auctions conducted on October 13, 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:

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 13, 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

7.17% GS 203012,000286286

7.18% GS 203710,000239239

7.25% GS 206312,000286286

The underwriting auction will be conducted through multiple price-based method on October 13, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 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.