Auction Results    91 Days    182 Days 364 DaysI. Notified Amount ₹7000 Crore    ₹8000 Crore ₹9000 CroreII.    Competitive Bids Received (i) Number 119 148 125(ii) Amount ₹20685.235 Crore ₹27653 Crore ₹23177.419 Crore

I. T-Bill 91 days 182 days 364 daysII. Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 CroreIII. Cut-off Price and Implicit Yield at Cut-Off Price 98.3010(YTM: 6.9325%) 96.5633

The result of the auction of State Government Securities held on October 23, 2023 is as under:

(Amount in ₹ Crore)

ANDHRA PRADESH 2036ANDHRA PRADESH 2042JAMMU AND KASHMIR UT 2053KARNATAKA 2033

Notified Amount100010003001000

Tenure13193010

Competitive Bids Received


 

(i) No.7223678

(ii) Amount4720317513005505

Cut-off Yield (%)7.727.667.607.69

Competitive Bids Accepted


 

(i) No.241121

(ii) Amount989.098999.965299.949982.176

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage24.310899.996599.98333.8708

(ii) No.(11 bids)(1 bid)(1 bid)(7 bids)

Non-Competitive Bids Received


 

(i) No.3126

(ii) Amount10.9020.0350.05117.824

Non-Competitive Price (₹)100.14100.00100.00100.09

Sr. NoState/UTAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Price (₹) / Yield (%)Tenure (Year) 1Andhra Pradesh5005007.7413 5005007.7614 5005007.7218 5005007.7020

2Bihar200020007.788

3Chhattisgarh100010007.738

4Goa1001007.7310

5Haryana100010007.7512

6Jammu and Kashmir6006007.6330

7Karnataka100010007.7312

100010007.7313

8Kerala100010007.6623

9Madhya Pradesh200020007.7614

10Maharashtra2000200098.49 / 7.6790Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.10 / 7.7297Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

11Punjab*12001055.5137.7710

12Rajasthan100010007.7310

100010007.7416

100010007.7020

100010007.6525

13Tamil Nadu100010007.687

14Telangana5005007.7514

100010007.6722

15Uttar Pradesh200020007.7110

TOTAL25,40025,255.513
 

*Punjab has accepted a partial amount of ₹1055.513 Crore in the 10-year security.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1208

Government of India (GOI) has announced the sale (Issue/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    7.37% GS 2028    Oct 23, 2028    7,000    F.No.4(3)-B(W&M)/2023 dated
October 30, 2023    November 03, 2023
(Friday)    November 06, 2023
(Monday)
2    7.18% GS 2033    Aug 14, 2033    13,000
3    New GS 2073    Nov 06, 2073    10,000

Total    
30,000    

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 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 30, 2023.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction Date Settlement Date

191 Days7,000November 01, 2023
(Wednesday)November 02, 2023
(Thursday)

2182 Days8,000

3364 Days9,000

  Total24,000

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year October 30, 2023 to April 29, 2024 shall be 8.10 per cent per annum.

It may be recalled that FRB 2034 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 30, 2023) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1193

Auction Results New GS 2026 7.18% GS 2037 7.25% GS 2063 I. Notified Amount    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore II. Underwriting Notified Amount    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore III.    Competitive Bids Received    (i) Number    115    199    233 (ii) Amount    ₹22660 Crore    ₹26505.300 Crore    ₹39857.403 Crore IV.    Cut-off price / Yield    -    97.62    96.38 (YTM: 7.3300%)    (YTM: 7.4580%)    (YTM: 7.5373%) V. Competitive Bids Accepted    

(i) Number    30    61    43
(ii) Amount    ₹7993.553 Crore    ₹9989.014 Crore    ₹11988.540 Crore
VI.    Partial Allotment Percentage of Competitive Bids    83.68%    38.62%    93.10%
(17 Bids)    (8 Bids)    (6 Bids)
VII.    Weighted Average Price/Yield    100.00    97.62    96.45
(WAY: 7.3300%)    (WAY: 7.4580%)    (WAY: 7.5315%)
VIII.    Non-Competitive Bids Received    

(i) Number    4    4    5
(ii) Amount    ₹6.447 Crore    ₹10.986 Crore    ₹11.46 Crore
IX.    Non-Competitive Bids Accepted    

(i) Number    4    4    5
(ii) Amount    ₹6.447 Crore    ₹10.986 Crore    ₹11.46 Crore
(iii) Partial Allotment Percentage    -    -    -
X.    Amount of Underwriting accepted from primary dealers    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore
XI.    Devolvement on Primary Dealers    NIL    NIL    NIL

New GS 2026 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹8,000 crore ₹10,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 7.33% 97.62/7.4580% 96.38/7.5373% III. Amount accepted in the auction ₹8,000 crore ₹10,000 crore ₹12,000 crore
IV.    Devolvement on Primary Dealers    NIL    NIL    NIL
Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1186

In the underwriting auctions conducted on October 27, 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:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹25,400 Crore (Face Value).

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

1Andhra Pradesh500-13Yield

500-14Yield

500-18Yield

500-20Yield

2Bihar2000-8Yield

3Chhattisgarh1000-8Yield

4Goa100-10Yield

5Haryana1000-12Yield

6Jammu and Kashmir600-30Yield

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on October 27, 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)
Security    Notified Amount    Minimum Underwriting Commitment (MUC) amount per PD    Minimum bidding commitment per PD under ACU auction
New GS 2026    8,000    191    191
7.18% GS 2037    10,000    239    239
7.25% GS 2063    12,000    286    286

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number109169156 (ii) Amount₹20770.552 Crore₹31070.500 Crore₹21703.750 Crore III.Cut-off price / Yield98.300496.563493.3355

(YTM: 6.9349%)(YTM: 7.1374%)(YTM: 7.1600%)

IV.Competitive Bids Accepted

 

(i) Number452275

(ii) Amount₹6979.511 Crore₹7965.101 Crore₹8987.682 Crore

V.Partial Allotment Percentage of Competitive Bids34.84%29.46%15.63%

(5 Bids)(2 Bids)(2 Bids)

VI.Weighted Average Price/Yield98.303696.567693.3468

(WAY: 6.9217%)(WAY: 7.1283%)(WAY: 7.1470%)

VII.Non-Competitive Bids Received

 

(i) Number543

(ii) Amount₹20.489 Crore₹34.899 Crore₹686.538 Crore

VIII.Non-Competitive Bids Accepted

 

(i) Number543

(ii) Amount₹20.489 Crore₹34.899 Crore₹686.538 Crore

(iii) Partial Allotment Percentage---

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 Price98.3004 (YTM: 6.9349%)96.5634 (YTM: 7.1374%)93.3355
(YTM: 7.1600%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1171

RBI-Retail Direct Scheme was launched by the Hon’ble Prime Minister on November 12, 2021. Under the Scheme, individual investors are permitted to open Retail Direct Gilt account with the Reserve Bank of India, using an online portal (https://rbiretaildirect.org.in), through which investments in Government Securities can be made in primary and secondary market. The scheme has brought Government Securities within easy reach of retail investors by simplifying the process of investment.

Government of India (GOI) has announced the sale (Issue/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    New GS 2026    Oct 30, 2026    8,000    F.No.4(3)-B(W&M)/2023 dated October 23, 2023    October 27, 2023
(Friday)    October 30, 2023
(Monday)
2    7.18% GS 2037    July 24, 2037    10,000
3    7.25% GS 2063    June 12, 2063    12,000

Total    
30,000    

2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.

The result of the auction of State Government Securities held on October 23, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036ANDHRA PRADESH 2042JAMMU AND KASHMIR UT 2053KARNATAKA 2033 Notified Amount100010003001000

Tenure13193010

Competitive Bids Received


 

(i) No.7223678

(ii) Amount4720317513005505

Cut-off Yield (%)7.727.667.607.69

Competitive Bids Accepted


 

(i) No.241121

(ii) Amount989.098999.965299.949982.176

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage24.310899.996599.98333.8708

(ii) No.(11 bids)(1 bid)(1 bid)(7 bids)

Non-Competitive Bids Received


 

(i) No.3126

(ii) Amount10.9020.0350.05117.824

Non-Competitive Price (₹)100.14100.00100.00100.09

Sr. NoState / UTAmount to be raised
(₹ Crore)Amount Accepted
(₹ Crore)Cut off Price (₹) /
Yield (%)Tenure (Year)

1Andhra Pradesh100010007.7213

100010007.6619

2Jammu and Kashmir3003007.6030

3Karnataka100010007.6910

100010007.7011

4Madhya Pradesh100010007.6811

5Maharashtra2000200098.35/7.6997Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.24/7.7101Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

6Manipur1001007.7312

7Rajasthan100010007.7110

8Tamil Nadu100010007.687

200020007.7210

200020007.6620

9Telangana5005007.7212

10Uttar Pradesh300030007.7010

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.