The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,723 Crore (Face Value).

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

1Andhra Pradesh1000-13Yield

2Bihar2000-8Yield

3Chhattisgarh1000-7Yield

4Goa100-10Yield

5Gujarat1000-4Yield

6Haryana1000-10Yield

1000-12Yield

7Jammu and Kashmir373-30Yield

8Madhya Pradesh500-12Yield

500-Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023Price

9Punjab500-Reissue of 7.45% Punjab SGS 2034 issued on September 06, 2023Price

500-Reissue of 7.48% Punjab SGS 2034 issued on September 13, 2023Price

10Sikkim250-10Yield

11Telangana500-7Yield

12West Bengal2500-19Yield

TOTAL12,723

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 21, 2023 (Thursday). 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

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 DateSettlement Date 191 Days10,000September 20, 2023 (Wednesday)September 21, 2023 (Thursday)

Auction Results7.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received (i) Number101121163 (ii) Amount₹14820 Crore₹20440.250 Crore₹28115.250 Crore

7.17% GS 2030 7.18% GS 2037 7.25% GS 2063 I.Notified Amount    ₹7,000 crore ₹12,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.10/7.1490%    99.36/7.2525% 99.04/7.3233% III. Amount accepted in the auction 7,000 crore ₹12,000 crore ₹12,000 crore

In the underwriting auctions conducted on September 15, 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 Security

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 15, 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 Results91 Days182 Days364 Days I.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received(i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225 (YTM: 6.8474%)(YTM: 7.0494%)(YTM: 7.0599%) IV.Competitive Bids Accepted

T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%)96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore

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 September 12, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2038ANDHRA PRADESH 2041ASSAM 2033*GOA 2038 Notified Amount10001000500100 Tenure15181015 Competitive Bids Received (i) No.39233212 (ii) Amount381046102135385 Cut-off Yield (%)7.487.46-7.46 Competitive Bids Accepted