Results of Auctions State Development Loans of 9 State Governments / Union Territories - Full Auction Result

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Published on August 11, 2020

The Results of the auctions of State Development Loans for 9 State Governments / Union Territories held on August 11, 2020.

Table
(₹ in crore)
	ANDHRA PRADESH 2024	ANDHRA PRADESH 2039	ANDHRA PRADESH 2040	CHHATTISGARH 2024
Notified Amount	1000	1000	1000	1300
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	4	19	20	4
Competitive Bids Received
(i) No.	48	44	31	48
(ii) Amount	3505	3712.5	2875	4355
Cut-off Yield (%)	5.41	6.60	6.60	5.40
Competitive Bids Accepted
(i) No.	11	5	1	15
(ii) Amount	984.25	925.527	956.499	1277
Partial Allotment Percentage of Competitive Bids
(i) Percentage	94.5238	33.9065	95.6499	62.8333
(ii) No.	(2 bids)	(3 bids)	(1 bids)	(2 bids)
Non-Competitive Bids Received
(i) No.	3	6	5	2
(ii) Amount	15.75	74.473	43.501	23
Non-Competitive Price	100.10	100.09	100.00	100.11
Non-Competitive Bids Accepted
(i) No.	3	6	5	2
(ii) Amount	15.75	74.473	43.501	23
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	-	-	-	-
(ii) No.	-	-	-	-
Weighted Average Yield (%)	5.3816	6.5919	6.6000	5.3700
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	1000	1000	1000	1300

	GUJARAT 2029¹	KARNATAKA 2030	KARNATAKA 2031	MADHYA PRADESH 2035
Notified Amount	1000	1000	1000	1000
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	9	10	11	15
Competitive Bids Received
(i) No.	101	78	72	46
(ii) Amount	5595	4310	3970	3430
Cut-off Yield (%)	6.44	6.48	6.49	6.61
Competitive Bids Accepted
(i) No.	31	36	19	20
(ii) Amount	1350	900	900	904
Partial Allotment Percentage of Competitive Bids
(i) Percentage	30.7692	25	47.4138	64.4444
(ii) No.	(10 bids)	(8 bids)	(5 bids)	(3 bids)
Non-Competitive Bids Received
(i) No.	14	20	10	7
(ii) Amount	217.1	201.392	127.292	96
Non-Competitive Price	100.19	100.18	100.07	100.38
Non-Competitive Bids Accepted
(i) No.	14	20	10	7
(ii) Amount	150	100	100	96
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	69.0926	49.6544	78.5595	-
(ii) No.	(14 bids)	(20 bids)	(10 bids)	-
Weighted Average Yield (%)	6.4122	6.4558	6.4814	6.5693
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	1500	1000	1000	1000

	MAHARASHTRA 2028	MAHARASHTRA 2031²	RAJASTHAN 2024	RAJASTHAN 2030
Notified Amount	1000	1000	250	500
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	8	11	4	10
Competitive Bids Received
(i) No.	83	113	31	54
(ii) Amount	5030	4690	1220	3424
Cut-off Yield (%)	6.44	6.49	5.39	6.46
Competitive Bids Accepted
(i) No.	44	38	2	16
(ii) Amount	909	1838.008	249.25	450
Partial Allotment Percentage of Competitive Bids
(i) Percentage	9	90.3527	97.7451	89.2857
(ii) No.	(4 bids)	(12 bids)	(2 bids)	(4 bids)
Non-Competitive Bids Received
(i) No.	9	13	1	10
(ii) Amount	91	161.992	0.75	99.65
Non-Competitive Price	100.19	100.06	100.00	100.10
Non-Competitive Bids Accepted
(i) No.	9	13	1	10
(ii) Amount	91	161.992	0.75	50
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	-	-	-	50.1756
(ii) No.	-	-	-	(10 bids)
Weighted Average Yield (%)	6.4099	6.4817	5.3900	6.4460
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	1000	2000	250	500

	TAMILNADU 2023	TAMILNADU 2050³	WEST BENGAL 2035	Total
Notified Amount	1000	1000	2000	15050
Underwriting Notified Amount	NIL	NIL	NIL
Tenure	Re-issue of 4.54% TNSDL 2023 Issued On July 08, 2020	Re-issue of 6.49% TNSDL 2050 Issued On July 22, 2020	15
Competitive Bids Received
(i) No.	30	23	58	860
(ii) Amount	2490	3440	4473.4	56519.9
Cut-off Yield (%)	4.7471	6.5888	6.62
Competitive Bids Accepted
(i) No.	3	4	26	271
(ii) Amount	1000	1239.999	1864.749	15748.282
Partial Allotment Percentage of Competitive Bids
(i) Percentage	80	54.8888	31.8871
(ii) No.	(1 bids)	(3 bids)	(4 bids)
Non-Competitive Bids Received
(i) No.	-	2	7	109
(ii) Amount	-	10.001	135.251	1297.152
Non-Competitive Price	99.47	98.71	100.28
Non-Competitive Bids Accepted
(i) No.	-	2	7	109
(ii) Amount	-	10.001	135.251	1051.718
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	-	-	-
(ii) No.	-	-	-
Weighted Average Yield (%)	4.7359	6.5888	6.5906
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL
Total Allotment Amount	1000	1250	2000	16800
¹ Gujarat has accepted an additional amount of ₹500 cr. ² Maharashtra has accepted an additional amount of ₹1000 cr in the 11 year security. ³ Tamil Nadu has accepted an additional amount of ₹250 cr in 6.49% TNSDL 2050