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No. 44 : Details of Central Government Market Borrowing - 1996-97



I. Conventional Market Borrowing
-------------------------------                                                                                                            (Rs. in Crores)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
    Date of                   Notified           Maturity              Bids Received              Bids Accepted    Subscrip-    Subscrip-  Cut-off yield/
--------------------          Amount      -----------------------   ---------------------    --------------------     tion         tion    coupon rate
Auction       Issue                          Period        Year         Number         Value   Number    Value   by Primary       by RBI   (per cent)
                                           (in Years)                                                               Dealers
-------------------------------------------------------------------------------------------------------------------------------------------------------------
     (1)           (2)           (3)           (4)          (5)         (6)         (7)          (8)      (9)         (10)         (11)      (12)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
May 24        May 25             2,000.00            5         2001        147      1,947.44      106   1,341.19         26.35      632.46    13.75
June 6        June 7             2,000.00            3         1999        142      1,931.36      107   1,582.86         20.86      396.29    13.70
Feb 20        Feb 21             1,000.00           10         2007        173      2,914.82       75   1,000.00             -           -    13.65
-------------------------------------------------------------------------------------------------------------------------------------------------------------
II. Other Medium and Long Term Borrowing
------------------------------------------
   A.  Funding Operations
  ------------------------
-------------------------------------------------------------------------------------------------------------------------------------------------------------
Type of                                   Date of              Amount          Col.4 over           Maturity       Coupon        Value of
Bills/Security                            Conversion   ------------------------Col. 3         ------------------   Rate (1)      New
                                                       Elegible     Offered    (Per cent)     Period     Year    (Per cent)      Security
                                                       for          for                      (in Years)                          Issued
                                                       Conversion   Conversion
-------------------------------------------------------------------------------------------------------------------------------------------------------------
     (1)                                       (2)          (3)          (4)        (5)         (6)       (7)         (8)          (9)
-------------------------------------------------------------------------------------------------------------------------------------------------------------

Dated Security                            Apr. 18          6,945.83   2,911.05         41.91        2       1998     13.50        2,911.05
(12.75% Govt. Stock 1996)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
   B.  Other Issues
  ------------------
-------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Bids/Applications        Bids/Applications
    Date of                   Notified           Maturity           Received                 Accepted              Subscrip-    Subscrip-  Imlicit Yield at
----------------------------  Amount      -----------------------   ---------------------    --------------------     tion         tion    Cut-off price/
Auction       Issue                          Period        Year       Number       Value       Number    Value     by Primary     by RBI   coupon rate
                                           (in Years)                                                               Dealers                (per cent)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
     (1)           (2)           (3)           (4)          (5)         (6)         (7)            (8)       (9)      (10)         (11)      (12)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
13.85% Government Stock 2006 for which the payment is made in instalments(2)
      -       June 24            5,000.00      10          2006            104      5,000.00      104   5,000.00       -            -         13.85 (1)
Zero Coupon Bonds, 2000 (Third Series)
July 12       July 13            3,000.00       4          2000            180      3,272.91      168   3,000.00 (3)                -         13.72
13.62% Govt. Stock 1998
July 30       July 31            2,000.00       2          1998            181      2,351.42      165   2,000.00       -            -         13.62
13.85% Govt. Stock 2006
      -       Aug.26             2,000.00      10          2006             68        968.38       68     968.38        107.29      924.33    13.85 (1)
13.82% Govt. Stock 2002
Sept 17       Sept 18            2,000.00       6          2002             82      1,611.10       43   1,026.10        101.29      872.61    13.82
Zero Coupon Bonds, 2000 (Third Series) II issue
            - Oct 07             2,000.00      (4)         2000             45      1,493.01       45   1,493.01         52.73      454.26    13.72 (1)
13.55% Govt. Stock 2001
Nov 26        Nov 27             2,000.00       5          2001            145      2,327.87       67   1,533.65         48.50      417.85    13.55
13.40% Govt. Stock 1999
Dec 23        Dec 24             2,000.00       3          1999            160      3,415.53       97   2,000.00             -           -    13.40
-------------------------------------------------------------------------------------------------------------------------------------------------------------

DETAILS OF CENTRAL GOVERNMENT MARKET BORROWING - 1997-98

I. Conventional Market Borrowing
-------------------------------                                                                                  (Rs. in crores)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
    Date of                   Notified           Maturity              Bids Received              Bids Accepted      Subscrip-  Subscrip-  Cut-off yield/
--------------------          Amount      -----------------------   -----------------------  --------------------         tion     tion    coupon rate
Auction       Issue                          Period        Year         Number         Value   Number      Value    by Primary    by RBI   (per cent)
                                           (in Years)                                                                  Dealers
-------------------------------------------------------------------------------------------------------------------------------------------------------------
     (1)           (2)           (3)           (4)          (5)         (6)         (7)          (8)      (9)             (10)        (11)     (12)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
Apr. 21       Apr. 22            3,000.00      10          2007         293         8,114.03       51   3,000.00             -           -    13.05
      -       Apr. 23            5,000.00      10          2007                                                              -    5,000.00    13.05 (5)
-------------------------------------------------------------------------------------------------------------------------------------------------------------

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