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.

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 25, 2023 (Wednesday)
October 26, 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.F4(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

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received

 

(i) Number112187187

(ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore

IV.Cut-off price / Yield98.7698.8096.78

(YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%)

V.Competitive Bids Accepted

 

(i) Number3883107

(ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore

VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%

(2 Bids)(11 Bids)(2 Bids)

VII.Weighted Average Price/Yield98.7698.8097.02

(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)

VIII.Non-Competitive Bids Received

 

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

IX.Non-Competitive Bids Accepted

 

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

(iii) Partial Allotment Percentage---

X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore

XI.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1057

New GS 20287.18% GS 20337.30% GS 2053I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cut off 7.37%98.71/7.3648%96.96/7.5571% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore

IV.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1152

In the underwriting auctions conducted on October 20, 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:

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on October 20, 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

New GS 20287,000167167

7.18% GS 203313,000310310

7.30% GS 205310,000239239

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,900 Crore (Face Value).

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

1Andhra Pradesh1000-13Yield

1000-19Yield

2Jammu and Kashmir300-30Yield

3Karnataka1000-10Yield

1000-11Yield

4Madhya Pradesh1000-11Yield

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 Price98.3105 (YTM: 6.8930%)96.5635 (YTM: 7.1372%)93.3529
(YTM: 7.1400%) IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore Ajit Prasad Director (Communications)

Press Release: 2023-2024/1133

Auction Results91 Days182 Days364 Days I.Notified Amount₹7000 Crore₹8000 Crore₹9000 Crore II.Competitive Bids Received (i) Number151198178 (ii) Amount₹26543.351 Crore₹24590.777 Crore₹29674.700 Crore

Sr. NoState / UTAmount to be raised (₹ Crore) Amount Accepted
(₹ Crore) Cut off Yield
(%)Tenure (Year) 1Andhra Pradesh5005007.6614 5005007.6120 2Assam100010007.6710

3Bihar200020007.708

4Goa1001007.6710

5Haryana100010007.6612

6Himachal Pradesh100010007.6220

7Jammu and Kashmir4004007.5630

8Karnataka100010007.649

9Meghalaya3223227.728

10Mizoram60607.7215

11Rajasthan100010007.6220

12Tamil Nadu200020007.6510

13Telangana5005007.6516

14Uttar Pradesh200020007.6811

15West Bengal*250030007.6420

TOTAL15,88216,382
 

*West Bengal has accepted an additional amount of ₹500 Crore in the 20-year security.

The result of the auction of State Government Securities held on October 17, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037ANDHRA PRADESH 2043ASSAM 2033BIHAR 2031 Notified Amount5005001000200 Tenure1420108 Competitive Bids Received (i) No.51156496 (ii) Amount3780258549207343.5 Cut-off Yield (%)7.667.617.677.70 Competitive Bids Accepted

A.Source SecurityGOI FRB, 2024GOI FRB, 2024GOI FRB, 20249.15% GS 20247.59% GS 20268.15% GS 20268.24% GS 20278.24% GS 2027

B.Notified Amount (amount in ₹ cr)1,50010,0002,5002,0001,0001,0001,0001,000

Destination Security7.95% GS 20327.40% GS 20359.20% GS 20308.28% GS 20327.50% GS 20346.80% GS 20607.16% GS 20506.80% GS 2060

C.i. No. of offers received627006338

ii. Total amount of Source Security offered (Face value in ₹ cr)3,425.00016,791.000002,050.000300.000350.0001,384.553

iii. No of offers accepted14002004

iv. Total amount of source security accepted (Face value in ₹ cr)1,500.0002,000.000001,000.00000434.553

v. Total amount of destination security issued (Face value in ₹ cr)1449.9372000.550001000.49600489.548

vi. Cut-off price (₹) / yield (%) for destination security103.37/7.422199.87/7.4152NANA100.53/7.4257NANA91.01/7.5216

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.99% GS 2026 Apr 17, 2026 8,000 F.No.4(3)-B(W&M)/2023 dated August 28, 2023 September 01, 2023 (Friday) September 04, 2023 (Monday) 2 7.17% GS 2030 Apr 17, 2030 7,000 3 7.18% GS 2037 July 24, 2037

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series III - Issue date October 16, 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 16, 2023.

Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹12000 Crore₹10000 Crore₹12000 Crore II.Underwriting Notified Amount₹12000 Crore₹10000 Crore₹12000 Crore

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 18, 2023
(Wednesday)    October 19, 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-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 18, 2023, during the below given timings:

Category    Timing
Competitive bids    10:30 am - 11:30 am
Non-Competitive bids    10:30 am - 11:00 am
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, October 19, 2023.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1108

7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount ₹12,000 crore ₹10,000 crore ₹1 2,000 crore II.Cut off Price / Implicit Yield at cut-off98.85/7.3959%97.73/7.4444%96.36/7.5387%

III.Amount accepted in the auction₹12,000 crore₹10,000 crore₹12,000 crore

IV.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1103

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,882 Crore (Face Value).

In the underwriting auctions conducted on October 13, 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:

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 13, 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

7.17% GS 203012,000286286

7.18% GS 203710,000239239

7.25% GS 206312,000286286

The underwriting auction will be conducted through multiple price-based method on October 13, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 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.

Auction Results 91 Days 182 Days 364 Days I.Notified Amount ₹10000 Crore ₹8000 Crore ₹6000 Crore II.Competitive Bids Received (i) Number 241173176 (ii) Amount ₹47506.755 Crore ₹21528.5 Crore ₹20035 Crore III.Cut-off price / Yield 98.321596.604393.4225 (YTM: 6.8474%)(YTM: 7.0494%)(YTM: 7.0599%) IV.Competitive Bids Accepted

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 Price98.3125 (YTM: 6.8847%)96.5678 (YTM: 7.1279%)93.3485 (YTM: 7.1450%)

IV.Total Face Value Accepted₹7,000 Crore₹8,000 Crore₹9,000 Crore

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1085

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹18,000 crore (face value). The security-wise details of the conversion/switch are given as under:

Date of AuctionSource SecuritiesAmount (FV) of Source Securities
(In ₹ crore)Destination Securities

The result of the auction of State Government Securities held on October 10, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038GOA 2033GUJARAT 2028GUJARAT 2029* Notified Amount 4501001000500 Tenure 151056 Competitive Bids Received    

(i) No.401610460

(ii) Amount26155526198.23682.5

Cut-off Yield (%)7.677.707.62-

Competitive Bids Accepted    

(i) No.9714-

(ii) Amount416.80790.835910.823-

Partial Allotment Percentage of Competitive Bids    

(i) Percentage30.458613.83580.2323-

(ii) No.(4 bids)(1 bid)(6 bids)-

Non-Competitive Bids Received    

(i) No.77127

(ii) Amount33.1939.16589.17722.799

Non-Competitive Price (₹)100.26100.21100.090

Non-Competitive Bids Accepted    

(i) No.7712-

(ii) Amount33.1939.16589.177-

Partial Allotment Percentage of Non-Competitive Bids    

(i) Percentage----

(ii) No.----

Weighted Average Yield (%)7.64017.67027.5975-

Total Allotment Amount45010010000

 PUNJAB 2036**SIKKIM 2033TAMILNADU 2053UTTAR PRADESH 2034

Notified Amount100040020002000

Tenure13103011

Competitive Bids Received    

(i) No.852623140

(ii) Amount6466199780358494

Cut-off Yield (%)7.757.757.627.70

Competitive Bids Accepted    

(i) No.2612248

(ii) Amount829371.4631987.5611800

Partial Allotment Percentage of Competitive Bids    

(i) Percentage-4.731599.378160.6452

(ii) No.-(1 bid)(2 bids)(11 bids)

Non-Competitive Bids Received    

(i) No.48317

(ii) Amount22.52228.53712.439288.902

Non-Competitive Price (₹)100.14100.30100.00100.18

Non-Competitive Bids Accepted    

(i) No.48317

(ii) Amount22.52228.53712.439200

Partial Allotment Percentage of Non-Competitive Bids    

(i) Percentage---69.2276

(ii) No.---(17 bids)

Weighted Average Yield (%)7.73307.70707.62007.6760

Total Allotment Amount851.52240020002000

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.46 15 2 Assam 250 250 7.47 5 3 Bihar 2000 2000 7.49 8 4 Goa 100 100 7.49 10 5 Kerala 2000 2000 7.47 14 6 Mizoram 80 80 7.46 16 7 Uttar Pradesh 3000 3000 7.49 11 TOTAL 8,430 8,430 Ajit Prasad Director (Communications) Press Release: 2023-2024/789

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.99% GS 2026 Apr 17, 2026 8,000 F.No.4(3)-B(W&M)/2023 dated August 28, 2023 September 01, 2023 (Friday) September 04, 2023 (Monday) 2 7.17% GS 2030 Apr 17, 2030 7,000 3 7.18% GS 2037 July 24, 2037

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹10,250 Crore (Face Value).

Sr. No.    State    Amount to be raised
(₹ Cr)    Additional Borrowing (Greenshoe) Option
(₹ Cr)    Tenure
(Year)    Type of Auction
1    Andhra Pradesh    450    -    15    Yield
2    Goa    100    -    10    Yield
3    Gujarat    1000    -    5    Yield
500    -    6    Yield
4    Punjab    1000    -    13    Yield
5    Sikkim    400    -    10    Yield
6    Tamil Nadu    2000    -    30    Yield
7    Uttar Pradesh    2000    -    11    Yield
2000    -    12    Yield
8    Uttarakhand    800    -    10    Yield
     TOTAL    10,250               
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of One per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 10, 2023 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.

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-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:

Category    Timing
Competitive bids    10:30 am - 11:30 am
Non-Competitive bids    10:30 am - 11:00 am
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, October 05, 2023.

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-competitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, October 04, 2023, during the below given timings:

Category    Timing
Competitive bids    10:30 am - 11:30 am
Non-Competitive bids    10:30 am - 11:00 am
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, October 05, 2023.

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received (i) Number112187187 (ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore IV.Cut-off price / Yield98.7698.8096.78 (YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%) V.Competitive Bids Accepted (i) Number3883107 (ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore

VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%

(2 Bids)(11 Bids)(2 Bids)

VII.Weighted Average Price/Yield98.7698.8097.02

(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)

VIII.Non-Competitive Bids Received   

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

IX.Non-Competitive Bids Accepted   

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

(iii) Partial Allotment Percentage---

X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore

XI.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1057

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cutoff 98.76/7.3886%98.80/7.3514%96.78/7.5726% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore IV.Devolvement on Primary DealersNILNILNIL Ajit Prasad Director (Communications)

Press Release: 2023-2024/1056

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).