I.    T-Bill    91 days    182 days 364 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 Price 98.2974 (YTM: 6.9474%) 96.5715 (YTM: 7.1199%) 93.3444 (YTM:

The result of the auction of State Government Securities held on November 21, 2023 is as under: (Amount in ₹Crore) ARUNACHAL PRADESH 2033 BIHAR 2038 GOA 2033 HARYANA 2033

Sr. No State / UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Arunachal Pradesh 500 500 7.68 10 2 Bihar 2000 2000 7.70

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 (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 7.33% GS 2026 Oct 30, 2026 8,000

A. Source Security GOI FRB, 2024 GOI FRB, 2024 GOI FRB, 2024 GOI FRB, 2024 5.74% GS 2026 8.24% GS 2027 B. Notified Amount (amount in ₹ cr)

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VIII - Issue date November 20, 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 November 20, 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 191 Days7,000 November 22, 2023 (Wednesday)November 23, 2023

Auction Results 7.37% GS 2028 7.18% GS 2033 7.30% GS 2053 I. Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 Crore

New GS 2030 7.18% GS 2037 7.25% GS 2063    New GOI SGrB 2028 I. Notified Amount ₹12,000 crore    ₹10,000 crore ₹12,000 crore ₹5,000 crore II. Cut off Price / Implicit Yield at cut-off 7.32% 98.09/7.4024% 97.06/7.4820% 7.25%

In the underwriting auctions conducted on November 17, 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)

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on November 17, 2023. As per the extan

Auction Results    91 Days    182 Days 364 Days I. Notified Amount ₹7000 Crore ₹8000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 73    123 154 (ii) Amount ₹14448.434 Crore ₹27022 Crore ₹28608.350 Crore

I. T-Bill 91 days 182 days 364 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 Price 98.2998 (YTM: 6.9374%) 96.5814 (YTM: 7.0987%) 93.3618

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

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:

The result of the auction of State Government Securities held on November 13, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038 ANDHRA PRADESH 2042 GOA 2033 HIMACHAL PRADESH 2038 Notified Amount 500 500 100 800 Tenure 15 19 10 15 Competitive Bids Received (i) No. 65 42 15 59 (ii) Amount 3105 3155 555 4015 Cut-off Yield (%) 7.72 7.69 7.70 7.74 Competitive Bids Accepted (i) No. 12 2 1 18 (ii) Amount 494.927 494.415 98.789 791.956

Sr. No State / UT Amount to be raised(₹ Crore) Amount Accepted(₹ Crore)    Cut off Yield(%) Tenure(Year)1    Andhra Pradesh 500 500 7.72 15500 500 7.69 19

In terms of GOI Notification F.No.4(16) - W&M/2016 dated October 20, 2016 (SGB 2016-17, Series III - Issue date November 17, 2016) 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 November 17, 2023.

In terms of GOI Notification F.No.4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III - Issue date November 13, 2018) and F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VII - Issue date November 13, 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 tranches shall be November 13, 2023.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹11,620 Crore (Face Value).

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 Date1 91 Days 7,000 November 15, 2023(Wednesday)    November 16, 2023(Thursday)2 182 Days 8,0003 364 Days 9,000 Total 24,000

Auction Results    New GS 2030 7.18% GS 2037 7.25% GS 2063    New GOI SGrB 2028I. Notified Amount ₹12000 Crore ₹10000 Crore ₹12000 Crore    ₹5000 CroreII. Underwriting Notified Amount ₹12000 Crore    ₹10000 Crore ₹12000 Crore ₹5000 CroreIII. Competitive Bids Received (i) Number 135 186 235 8 (ii) Amount

7.18% GS 2037 7.25% GS 2063 New GOI SGrB 2028I. Notified Amount ₹12,000 crore ₹10,000 crore ₹12,000 crore ₹5,000 crore

In the underwriting auctions conducted on November 10, 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 ₹12,500 Crore (Face Value). Sr. No. State / UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 500 - 15 Yield 500 - 19 Yield 2 Goa 100 - 10 Yield 3 Himachal Pradesh 800 - 15 Yield 4 Jammu and Kashmir 1100 - 30 Yield 5 Maharashtra 2000 - 10 Yield

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 10, 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:

Auction Results    91 Days    182 Days 364 Days I. Notified Amount ₹7000 Crore ₹8000 Crore ₹9000 Crore II.    Competitive Bids Received (i) Number 126 144 136 (ii) Amount ₹22763.945 Crore ₹28730.900 Crore ₹21040 Crore III. Cut-off price / Yield

I. T-Bill 91 days 182 days 364 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 Price 98.3035 (YTM: 6.9221%) 96.5776 (YTM: 7.1068%)93.3451 (YTM: 7.1489%)

The result of the auction of State Government Securities held on November 07, 2023 is as under (Amount in ₹ Crore)ASSAM 2033 BIHAR 2038 GOA 2033 HARYANA 2035Notified Amount 1000 2000 100 1000Tenure 10 15 10 12

Sr. No    State / UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Assam 1000 1000 7.74 10 2 Bihar 2000 2000 7.73 15 3 Goa 100 100 7.70 10 4 Haryana 1000 1000 7.72 12 5 Jammu and Kashmir    900 900 7.58 27

Government of India (GOI) has announced the sale (Issue/re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details:

Sr NoSecurityDate of RepaymentNotified Amount
(₹ crore)GoI specific NotificationAuction DateSettlement Date

1New GS 2030Nov 13, 203012,000F.No.4(3)-B(W&M)/2023 dated
November 06, 2023November 10, 2023
(Friday)November 13, 2023
(Monday)

27.18% GS 2037July 24, 203710,000

37.25% GS 2063June 12, 206312,000

4New GOI SGrB 2028Nov 13, 20285,000

Total
39,000
 

The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2023 to November 06, 2023 shall be 6.97 per cent per annum. It may be recalled that the rate of interest on the FRB 2024 shall be reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coup

In terms of GOI Notification F.No.4(8) - W&M/2018 dated April 13, 2018 (SGB 2018-19 Series I - Issue date May 04, 2018) and F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 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 tranches shall be November 04 and November 06, 2023 respectively.

In terms of GOI Notification F.No.4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I - Issue date May 12, 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 November 10, 2023 (November 11 and 12 being non-working Saturday and Sunday respectively).

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 Date1 91 Days 7,000 November 08, 2023(Wednesday)    November 09, 2023

New GS 20267.18% GS 20377.25% GS 2063 I.Notified Amount₹8,000 crore₹10,000 crore₹12,000 crore II.Cut off Price / Implicit Yield at cut-off7.33%97.62/7.4580%96.38/7.5373%

In the underwriting auctions conducted on November 03, 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:

Auction Results    7.37% GS 2028    7.18% GS 2033    New GS 2073I. Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreII. Underwriting Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreIII. Competitive Bids Received

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹25,750 Crore (Face Value).

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

1Assam1000-10Yield

2Bihar2000-15Yield

3Goa100-10Yield

4Haryana1000-12Yield

5Jammu and Kashmir900-27Yield

6Karnataka3000-

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 03, 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:

Auction Results    91 Days    182 Days 364 DaysI. Notified Amount ₹7000 Crore    ₹8000 Crore ₹9000 CroreII.    Competitive Bids Received (i) Number 119 148 125(ii) Amount ₹20685.235 Crore ₹27653 Crore ₹23177.419 Crore

I. T-Bill 91 days 182 days 364 daysII. Total Face Value Notified ₹7,000 Crore ₹8,000 Crore ₹9,000 CroreIII. Cut-off Price and Implicit Yield at Cut-Off Price 98.3010(YTM: 6.9325%) 96.5633

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 Pradesh5005007.7413 5005007.7614 5005007.7218 5005007.7020

2Bihar200020007.788

3Chhattisgarh100010007.738

4Goa1001007.7310

5Haryana100010007.7512

6Jammu and Kashmir6006007.6330

7Karnataka100010007.7312

100010007.7313

8Kerala100010007.6623

9Madhya Pradesh200020007.7614

10Maharashtra2000200098.49 / 7.6790Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.10 / 7.7297Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

11Punjab*12001055.5137.7710

12Rajasthan100010007.7310

100010007.7416

100010007.7020

100010007.6525

13Tamil Nadu100010007.687

14Telangana5005007.7514

100010007.6722

15Uttar Pradesh200020007.7110

TOTAL25,40025,255.513
 

*Punjab has accepted a partial amount of ₹1055.513 Crore in the 10-year security.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1208

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    7.37% GS 2028    Oct 23, 2028    7,000    F.No.4(3)-B(W&M)/2023 dated
October 30, 2023    November 03, 2023
(Friday)    November 06, 2023
(Monday)
2    7.18% GS 2033    Aug 14, 2033    13,000
3    New GS 2073    Nov 06, 2073    10,000

Total    
30,000    

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 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 30, 2023.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No.Treasury BillNotified Amount (in ₹ Crore)Auction Date Settlement Date

191 Days7,000November 01, 2023
(Wednesday)November 02, 2023
(Thursday)

2182 Days8,000

3364 Days9,000

  Total24,000

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year October 30, 2023 to April 29, 2024 shall be 8.10 per cent per annum.

It may be recalled that FRB 2034 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 30, 2023) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1193

Auction Results New GS 2026 7.18% GS 2037 7.25% GS 2063 I. Notified Amount    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore II. Underwriting Notified Amount    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore III.    Competitive Bids Received    (i) Number    115    199    233 (ii) Amount    ₹22660 Crore    ₹26505.300 Crore    ₹39857.403 Crore IV.    Cut-off price / Yield    -    97.62    96.38 (YTM: 7.3300%)    (YTM: 7.4580%)    (YTM: 7.5373%) V. Competitive Bids Accepted    

(i) Number    30    61    43
(ii) Amount    ₹7993.553 Crore    ₹9989.014 Crore    ₹11988.540 Crore
VI.    Partial Allotment Percentage of Competitive Bids    83.68%    38.62%    93.10%
(17 Bids)    (8 Bids)    (6 Bids)
VII.    Weighted Average Price/Yield    100.00    97.62    96.45
(WAY: 7.3300%)    (WAY: 7.4580%)    (WAY: 7.5315%)
VIII.    Non-Competitive Bids Received    

(i) Number    4    4    5
(ii) Amount    ₹6.447 Crore    ₹10.986 Crore    ₹11.46 Crore
IX.    Non-Competitive Bids Accepted    

(i) Number    4    4    5
(ii) Amount    ₹6.447 Crore    ₹10.986 Crore    ₹11.46 Crore
(iii) Partial Allotment Percentage    -    -    -
X.    Amount of Underwriting accepted from primary dealers    ₹8000 Crore    ₹10000 Crore    ₹12000 Crore
XI.    Devolvement on Primary Dealers    NIL    NIL    NIL

New GS 2026 7.18% GS 2037 7.25% GS 2063 I. Notified Amount ₹8,000 crore ₹10,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 7.33% 97.62/7.4580% 96.38/7.5373% III. Amount accepted in the auction ₹8,000 crore ₹10,000 crore ₹12,000 crore
IV.    Devolvement on Primary Dealers    NIL    NIL    NIL
Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1186