By Marisa Wong
Madison, Wis., Jan. 20 - The Reserve Bank of India auctioned Rs. 140 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 7.83% bonds due 2018 at a cut-off price of 98.35 to yield 8.1698%.
Of the 154 competitive bids totaling Rs. 92.49 billion received, 56 were accepted for Rs. 39.61 billion. Nine non-competitive bids were received and accepted for Rs. 392.1 million.
The bank also priced a Rs. 70 billion add-on to its 8.79% bonds due 2021 at a cut-off price of 104.28 to yield 8.1441%.
Of the 215 competitive bids totaling Rs. 132.31 billion received, 133 were accepted for Rs. 69.9 billion. Seven non-competitive bids were received and accepted for Rs. 97.15 million.
The bank priced a Rs. 30 billion add-on to its 8.83% bonds due 2041 at a cut-off price of 103.59 to yield 8.4958%.
Of the 132 competitive bids totaling Rs. 76.69 billion received, 65 were accepted for 29.83 billion. Eight non-competitive bids were received and accepted for Rs. 166.55 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 140 billion
|
| Issue: | Government bonds
|
| Auction date: | Jan. 20
|
|
|
| Bonds due 2018
|
| Amount: | Rs. 40 billion
|
| Maturity: | 2018
|
| Coupon: | 7.83%
|
| Cut-off price: | 98.35
|
| Yield: | 8.1698%
|
|
|
| Bonds due 2021
|
| Amount: | Rs. 70 billion
|
| Maturity: | 2021
|
| Coupon: | 8.79%
|
| Cut-off price: | 104.28
|
| Yield: | 8.1441%
|
|
|
| Bonds due 2041
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2041
|
| Coupon: | 8.83%
|
| Cut-off price: | 103.59
|
| Yield: | 8.4958%
|
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