By Sarah Lizee
Olympia, Wash., Jan. 12 – The Reserve Bank of India auctioned Rs. 150 billion of GOI floating-rate bonds and government stock in four tranches on Friday, according to a government announcement.
The bank priced a Rs. 30 billion re-issue of its GOI floating-rate bonds due 2024 at a cut-off price of 96.51 to yield 6.9995%.
Of the 47 competitive bids totaling Rs. 88.42 billion received, 10 were accepted for Rs. 29.98 billion. One non-competitive bid was received and accepted for Rs. 20 million.
The bank also priced an Rs. 80 billion re-issue of its 6.68% bonds due 2031 at a cut-off price of 92.42 to yield 7.5783%.
Of the 220 competitive bids totaling Rs. 177.38 billion received, 141 were accepted for Rs. 79,930,500,000. Six non-competitive bids were received and accepted for Rs. 69.5 million.
The bank priced a Rs. 20 billion re-issue of its 6.57% bonds due 2033 at a cut-off price of 90.15 to yield 7.6505%.
Of the 65 competitive bids totaling Rs. 50.03 billion received, one was accepted for Rs. 19.96 billion. Three non-competitive bids were received and accepted for Rs. 40 million.
The bank also priced a Rs. 20 billion re-issue of its 6.62% bonds due 2051 at a cut-off price of 87.37 to yield 7.6698%.
Of the 48 competitive bids totaling Rs. 44.13 billion received, one was accepted for Rs. 19.96 billion. Two non-competitive bids were received and accepted for Rs. 40 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government stock, GOI floating-rate bonds
|
| Auction date: | Jan. 12
|
|
|
| Bonds due 2024
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2024
|
| Coupon: | GOI floating-rate
|
| Cut-off price: | 96.51
|
| Yield: | 6.9995%
|
|
|
| Bonds due 2031
|
| Amount: | Rs. 80 billion
|
| Maturity: | 2031
|
| Coupon: | 6.68%
|
| Cut-off price: | 92.42
|
| Yield: | 7.5783%
|
|
|
| Bonds due 2033
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2033
|
| Coupon: | 6.57%
|
| Cut-off price: | 90.15
|
| Yield: | 7.6505%
|
|
|
| Bonds due 2051
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2051
|
| Coupon: | 6.62%
|
| Cut-off price: | 87.37
|
| Yield: | 7.6698%
|
|
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