By Tali David
Minneapolis, Nov. 16 - The Reserve Bank of India auctioned Rs. 130 billion of government bonds in three tranches on Friday, according to a government announcement.
The bank priced a Rs. 40 billion add-on to its 8.07% bonds due 2017 at a cut-off price of 99.60 to yield 8.1717%.
Of the 1035 competitive bids totaling Rs. 80.01 billion received, 74 were accepted for Rs. 39.96 billion. Three non-competitive bids were received and accepted for Rs. 41 million.
The bank also priced a Rs. 60 billion add-on to its 8.15% bonds due 2022 at a cut-off price of 99.67 to yield 8.1991%.
Of the 200 competitive bids totaling Rs. 133.01 billion received, 113 were accepted for Rs. 58.41 billion. Seven non-competitive bids were received and accepted for Rs. 1.59 billion.
The bank priced a Rs. 30 billion add-on to its 8.97% bonds due 2030 at a cut-off price of 105.44 to yield 8.3792%.
Of the 169 competitive bids totaling Rs. 87.38 billion received, 60 were accepted for Rs. 29.92 billion. Three non-competitive bids were received and accepted for Rs. 85 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 130 billion
|
| Issue: | Government bonds
|
| Auction date: | Nov. 16
|
|
|
| Bonds due 2017
|
| Amount: | Rs. 40 billion
|
| Maturity: | 2017
|
| Coupon: | 8.07%
|
| Cut-off price: | 99.60
|
| Yield: | 8.1717%
|
|
|
| Bonds due 2022
|
| Amount: | Rs.60 billion
|
| Maturity: | 2022
|
| Coupon: | 8.15%
|
| Cut-off price: | 99.67
|
| Yield: | 8.1991%
|
|
|
| Bonds due 2030
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2030
|
| Coupon: | 8.97%
|
| Cut-off price: | 105.44
|
| Yield: | 8.3792%
|
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