Auction Results 7.02% GS 2027 7.23% GS 2039 7.30% GS 2053 I. Notified Amount ₹6,000 Crore ₹12,000 Crore ₹10,000 Crore II. Underwriting Notified Amount ₹6,000 Crore ₹12,000 Crore ₹10,000 Crore III. Competitive Bids Received (i) Number 116 291 320 (ii) Amount ₹29338.000 Crore ₹38400.500 Crore ₹30879.250 Crore IV. Cut-off price / Yield 100.15 101.72 102.64 (YTM: 6.9577%) (YTM: 7.0391%) (YTM: 7.0837%) V. Competitive Bids Accepted (i) Number 16 80 133 (ii) Amount ₹5984.513 Crore ₹11983.921 Crore ₹9988.250 Crore

7.02% GS 2027 7.23% GS 2039 7.30% GS 2053 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.15/6.9577% 101.72/7.0391% 102.64/7.0837% III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In the underwriting auctions conducted on July 05, 2024, 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 Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.02% GS 2027 6,000 3,003 2,997 6,000 0.06 7.23% GS 2039 12,000 6,006 5,994 12,000 0.08 7.30% GS 2053 10,000 5,019 4,981 10,000 0.12 Auction for the sale of securities will be held on July 05, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 05, 2024. 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:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 87 149 136 (ii) Amount ₹ 29591.105 Crore ₹ 27489.300 Crore ₹ 23189.700 Crore III. Cut-off price / Yield 98.3375 96.6739 93.5185 (YTM: 6.7810%) (YTM: 6.9000%) (YTM: 6.9498%) IV. Competitive Bids Accepted (i) Number 15 28 50 (ii) Amount ₹ 7934.710 Crore ₹ 5965.425 Crore ₹ 5962.296 Crore V. Partial Allotment Percentage of Competitive Bids 90.22% 15.01% 49.96% (2 Bids) (4 Bids) (1 Bid)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3375 (YTM:6.7810%) 96.6739 (YTM: 6.9000%) 93.5185 (YTM: 6.9498%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

The result of the auction of State Government Securities held on July 02, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2033 ANDHRA PRADESH 2036 ANDHRA PRADESH 2041 ANDHRA PRADESH 2045 Notified Amount 1000 1000 1000 1000 Tenure 9 12 17 21 Competitive Bids Received (i) No. 68 77 33 28 (ii) Amount 4330 5300 2320 2450 Cut-off Yield (%) 7.37 7.37 7.36 7.36 Competitive Bids Accepted (i) No. 31 26 10 13 (ii) Amount 937.817 961.397 999.96 999.974

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.37 09 1000 1000 7.37 12 1000 1000 7.36 17 1000 1000 7.36 21 1000 1000 7.36 24 2 Jammu and Kashmir 500 500 7.36 22 3 Kerala 1500 1500 7.42 22 4 Manipur 200 200 7.39 12 5 Meghalaya 400 400 7.39 10 . 6 Punjab* 1000 992.875 7.38 9 1500 1500 7.38 10 7 Tamil Nadu 2000 2000 7.35 10 8 Telangana 1000 1000 7.36 13 1000 1000 7.37 18 Total 14,100 14,092.875

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹28,000 crore as per the following details:

Sr No    Security    Date of Repayment    Notified Amount
(₹ crore)    GoI specific Notification    Auction 
Date    Settlement Date
1    7.02% GS 2027    May 27, 2027    6,000    F.No.4(3)-B(W&M)/2024 dated
July 01, 2024
July 05, 2024 (Friday)    July 08, 2024
(Monday)
2    7.23% GS 2039    Apr 15, 2039    12,000            
3    7.30% GS 2053    Jun 19, 2053    10,000            
     Total        28,000               

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

In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/interest rate will be set at a spread of (+) 35 bps over the prevailing National Savings Certificate (NSC) rate. 2. Accordingly, the coupon rate on FRSB 2020 (T) for the period July 01, 2024 to December 31, 2024 and payable on January 1, 2025 remains at 8.05% (7.70%+0.35%), unchanged from the previous half-year.