(Rs. crore)

Date of
Auction

Date of
Issue

Notified
Amount

Competitive
Bids
Accepted
(Face Value)

Devolvement
on PDs and
RBI*
(Face Value)

Non-Compe-
titive Bids
Accepted
(Face Value)

Total
Issue
(4+5+6)
(Face Value)

Weighted
Average
Price

Implicit Yield
at Cut-off
Price
(per cent)

Amount Outstan-
ding as on the
Date of Issue
(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

May

7, '99

May

8, '99

100

5

95

25

125

97.95

8.3716

1,590

May

14, '99

May

15, '99

100

15

85

25

125

97.95

8.3716

1,590

* : 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.