Press Releases - RBI - Reserve Bank of India
Press Releases
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹34,400 Crore (Face Value). Sr. No. State Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1 Assam 250 7 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 6 Yield 4 Goa 150 10 Yield 5 Haryana 1000 12 Yield 6 Karnataka 3000 4 Yield 7 Madhya Pradesh 2500 12 Yield 2500 19 Yield
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹34,400 Crore (Face Value). Sr. No. State Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1 Assam 250 7 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 6 Yield 4 Goa 150 10 Yield 5 Haryana 1000 12 Yield 6 Karnataka 3000 4 Yield 7 Madhya Pradesh 2500 12 Yield 2500 19 Yield
Auction Results 7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 292 290 (ii) Amount ₹54628.000 crore ₹31931.484 crore IV. Cut-off price / Yield 102.40 105.12 (YTM: 6.7540%) (YTM: 6.9577%) V. Competitive Bids Accepted (i) Number 98 82 (ii) Amount ₹19952.155 crore ₹10982.181 crore VI. Partial Allotment Percentage of Competitive Bids 47.87% 79.96% (33 Bids) (12 Bids) VII. Weighted Average Price/Yield 102.42 105.15 (WAY: 6.7512%) (WAY: 6.9555%)
Auction Results 7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 292 290 (ii) Amount ₹54628.000 crore ₹31931.484 crore IV. Cut-off price / Yield 102.40 105.12 (YTM: 6.7540%) (YTM: 6.9577%) V. Competitive Bids Accepted (i) Number 98 82 (ii) Amount ₹19952.155 crore ₹10982.181 crore VI. Partial Allotment Percentage of Competitive Bids 47.87% 79.96% (33 Bids) (12 Bids) VII. Weighted Average Price/Yield 102.42 105.15 (WAY: 6.7512%) (WAY: 6.9555%)
7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 102.40/6.7540% 105.12/6.9577% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL
7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 102.40/6.7540% 105.12/6.9577% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL
In the underwriting auctions conducted on September 20, 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) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.04 7.34% GS 2064 11,000 5,502 5,498 11,000 0.05 Auction for the sale of securities will be held on September 20, 2024.
In the underwriting auctions conducted on September 20, 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) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.04 7.34% GS 2064 11,000 5,502 5,498 11,000 0.05 Auction for the sale of securities will be held on September 20, 2024.
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 20, 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: (₹ crore) Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction 7.10% GS 2034 20,000 477 477 7.34% GS 2064 11,000 262 262
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 20, 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: (₹ crore) Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction 7.10% GS 2034 20,000 477 477 7.34% GS 2064 11,000 262 262
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under:
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under:
The result of the auction of State Government Securities held on September 17, 2024 is as under:
The result of the auction of State Government Securities held on September 17, 2024 is as under:
Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹Crore) Cut off Yield (%) Tenure (Year) 1 Assam 500 500 7.13 10 2 Bihar 2000 2000 7.11 9 3 Chhattisgarh 1000 1000 7.00 5 4 Haryana 1000 1000 7.13 12 5 Kerala 1500 1500 7.14 23 6 Maharashtra 1500 1500 7.10 9 1500 1500 7.12 12 1500 1500 7.13 13 1500 1500 7.13 19 7 Tamil Nadu 1000 1000 7.10 10 8 Telangana 500 500 7.13 12 Total 13500 13500
Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹Crore) Cut off Yield (%) Tenure (Year) 1 Assam 500 500 7.13 10 2 Bihar 2000 2000 7.11 9 3 Chhattisgarh 1000 1000 7.00 5 4 Haryana 1000 1000 7.13 12 5 Kerala 1500 1500 7.14 23 6 Maharashtra 1500 1500 7.10 9 1500 1500 7.12 12 1500 1500 7.13 13 1500 1500 7.13 19 7 Tamil Nadu 1000 1000 7.10 10 8 Telangana 500 500 7.13 12 Total 13500 13500
In terms of GOI Notification F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series IV - Issue date September 17, 2019) 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 due date of premature redemption of the above tranche shall be September 17, 2024.
In terms of GOI Notification F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series IV - Issue date September 17, 2019) 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 due date of premature redemption of the above tranche shall be September 17, 2024.
In terms of GOI Notification F. No. 4(16) – (W&M) /2016 dated February 23, 2017 (SGB 2016-17 Series IV - Issue date March 17, 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 September 17, 2024.
In terms of GOI Notification F. No. 4(16) – (W&M) /2016 dated February 23, 2017 (SGB 2016-17 Series IV - Issue date March 17, 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 September 17, 2024.
Page Last Updated on: May 09, 2025