Financial Daily from THE HINDU group of publications
Thursday, Aug 19, 2004
Financial Daily from THE HINDU group of publications Thursday, Aug 19, 2004 |
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Money & Banking
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Govt Bonds Cut-off price for Rs 2,000-crore T-bill at Rs 94.89 Our Bureau
Mumbai , Aug. 18 THE cut-off price for the Rs 2,000-crore 364-day treasury bill auction was fixed at Rs 94.89, while the cut-off yield on paper came higher than expectations at 5 per cent, said dealers. The number of competitive bids received was 63 (worth Rs 1,876 crore). Of these, 59 bids were accepted. For the Rs 2,000-crore 91-day treasury bill auction, the cut-off price was fixed at Rs 98.79. A total of 74 competitive bids worth Rs 3,271 crore were received, of which 46 were accepted. One single non-competitive bid was also accepted. It was worth Rs 90.00 crore. The partial allotment percentage for the auction came at 74.14 per cent. Rs 5000-cr stock sale The yield at the auction of Rs-5,000-crore, 6.18 -per cent Government stock was fixed at 5.53 per cent, higher than market expectations of 5.25 per cent, dealers said. The cut-off price was fixed at Rs 100.64. The number of competitive bids received was 125 for the amount of Rs 5,580 crore of which 114 bids were accepted. The partial allotment percentage was at 40 per cent.
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