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Tuesday, Feb 08, 2005
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 Money & Banking - Govt Bonds


Cut-off price for bonds

Our Bureau

MUMBAI: The cut-off price for Rs 5,000 crore auction of the 8.35 per cent 2022 paper was fixed at Rs 109.75 (7.3427 per cent YTM).

The auction received a total of 355 competitive bids amounting to Rs 13,739.50 crore of which 17 bids worth Rs 4,956.95 crore were accepted. Twelve non-competitive bids amounting to Rs 43.076 crore were received and accepted. The amount of underwriting accepted from PDs was Rs 3,225 crore.

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