In the underwriting auctions conducted on October 06, 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:

(₹ crore)

Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)

7.06% GS 20287,0003,5073,4937,0002.70

7.18% GS 203313,0006,5106,49013,0005.00

7.30% GS 205310,0005,0194,98110,0006.27

Auction for the sale of securities will be held on October 06, 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/1054

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 06, 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

7.06% GS 20287,000167167

7.18% GS 203313,000310310

7.30% GS 205310,000239239

The underwriting auction will be conducted through multiple price-based method on October 06, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 10.30 A.M. and 11.00 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.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1046

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 Price98.3175 (YTM: 6.8640%)96.5808 (YTM: 7.0999%)93.3610 (YTM: 7.1306%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1039

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number164174209 (ii) Amount₹18860.052 Crore₹19901.450 Crore₹21501 Crore III.Cut-off price / Yield98.317596.580893.3610 (YTM: 6.8640%)(YTM: 7.0999%)(YTM: 7.1306%) IV.Competitive Bids Accepted (i) Number4484109 (ii) Amount₹6966.320 Crore₹7974.249 Crore₹8981.290 Crore V.Partial Allotment Percentage of Competitive Bids83.11%44.16%85.15% (3 Bids)(4 Bids)(1 Bid)

VI.Weighted Average Price/Yield98.334696.588993.3828

(WAY: 6.7930%)(WAY: 7.0825%)(WAY: 7.1056%)

VII.Non-Competitive Bids Received   

(i) Number864

(ii) Amount₹1557.680 Crore₹449.371 Crore₹302.840 Crore

VIII.Non-Competitive Bids Accepted   

(i) Number864

(ii) Amount₹1557.680 Crore₹449.371 Crore₹302.840 Crore

(iii) Partial Allotment Percentage---

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1040

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 shall be 7.69 per cent per annum.

It may be recalled that FRB 2028 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 04, 2023) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1036

The result of the auction of State Government Securities held on October 03, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2034ANDHRA PRADESH 2041ASSAM 2033BIHAR 2031 Notified Amount 1000100010002000 Tenure1118108 Competitive Bids Received (i) No.38213367 (ii) Amount3015320522804745 Cut-off Yield (%)7.607.507.627.62 Competitive Bids Accepted


 

(i) No.1812756

(ii) Amount989.868999.961979.9071964.682

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage43.894499.996162.80432.3048

(ii) No.(3 bids)(1 bid)(2 bids)(6 bids)

Non - Competitive Bids Received


 

(i) No.3236

(ii) Amount10.1320.03920.09335.318

Non-Competitive Price (₹)100.21100.00100.44100.24

Non-Competitive Bids Accepted


 

(i) No.3236

(ii) Amount10.1320.03920.09335.318

Partial Allotment Percentage of Non-Competitive Bids


 

(i) Percentage----

(ii) No.----

Weighted Average Yield (%)7.57227.50007.55597.5797

Total Allotment Amount1000100010002000

Sr. NoStateAmount to be raised (₹ Crore)Amount Accepted (₹ Crore)Cut off Yield (%)Tenure (Year) 1Andhra Pradesh100010007.6011 100010007.5018 2Assam100010007.6210 3Bihar200020007.628 4Chhattisgarh100010007.548 5Haryana5005007.5310 100010007.5912 6Kerala100010007.4922 7Madhya Pradesh200020007.5512 100010007.5115 8Punjab150015007.6712 9Rajasthan100010007.5410 10Tamil Nadu100010007.5210 11Telangana100010007.559 100010007.4921 12Uttar Pradesh300030007.5612 13Uttarakhand5005007.5410 14West Bengal200020007.5916 TOTAL22,50022,500
Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1029

Government of India (GOI) has announced the sale (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 7.06% GS 2028 Apr 10, 2028 7,000 F.No.4(3)-B(W&M)/2023 dated September 29, 2023 October 06, 2023 (Friday) October 09, 2023 (Monday) 2 7.18% GS 2033 Aug 14, 2033 13,000

In the underwriting auctions conducted on September 28, 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:(₹ crore) Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate (paise per ₹100) 6.99% GS 20268,0004,0113,9898,0000.63

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 04, 2023 (Wednesday) October 05, 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-ccompetitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

Auction Results6.99% GS 20267.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹8000 Crore₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹8000 Crore₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received
(i) Number82103180163 (ii) Amount₹14727.548 Crore₹14952 Crore₹26238 Crore₹23041 Crore IV.Cut-off price / Yield99.3399.5498.5397.35 (YTM: 7.2802%)(YTM: 7.2584%)(YTM: 7.3494%)(YTM: 7.4578%) V.Competitive Bids Accepted (i) Number333696137
 

6.99% GS 20267.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹8,000 crore₹7,000 crore ₹12,000 crore₹12,000 crore II.Cut off Price / Implicit Yield at cut-off 99.33/7.2802%99.54/7.2584%98.53/7.3494%97.35/7.4578% III.Amount accepted in the auction₹8,000 crore₹7,000 crore₹12,000 crore₹12,000 crore IV.Devolvement on Primary DealersNILNILNILNIL Shweta Sharma Deputy General Manager Press Release: 2023-2024/1012

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October – December 2023, is expected to be ₹2,37,263 Crore.The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts 

Auction Results91 Days 182 Days364 Days I.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number176172160 (ii) Amount₹27820.173 Crore₹23042.850 Crore₹22874.950 Crore III.Cut-off price/Yield98.317396.591193.4010

I.T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3173 (YTM: 6.8648%)96.5911 (YTM: 7.0778%)93.4010(YTM: 7.0846%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹22,500 Crore (Face Value).Sr. No.StateAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction1Andhra Pradesh1000-11Yield

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 29, 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

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India,

The result of the auction of State Government Securities held on September 26, 2023 is as under: (Amount in ₹ Crore) BIHAR 2031CHHATTISGARH 2030GOA 2033GUJARAT 2031 Notified Amount200010001501500 Tenure87108 Competitive Bids Received

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2023-24 (October 2023 to March 2024) will be ₹50,000 crore.The Reserve Bank of India may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.