The Hindu Business Line : G-Sec auctions fully subscribed

THE auctions of the 7.37 per cent and 10.25 per cent Government stock were fully subscribed, as the cut-off prices for both papers were lower than expected.

For the 7.37 per cent 2014 paper, the notified amount was Rs 6,000 crore. The underwriting notified amount was Rs 6,000 crore.

The Reserve Bank of India received 306 competitive bids for Rs 11,590.96 crore. Of the competitive bids, the RBI accepted 125 bids amounting to Rs 5947.80 crore. The cut-off price was Rs 103. The partial allotment percentage was 64.32 per cent. The weighted average price was Rs 103.12.

The central bank also received and accepted 44 non-competitive bids for Rs 52.19 crore. The partial allotment percentage was 100 per cent.

The amount of underwriting accepted from primary dealers was Rs 5,540 crore. Devolvement on primary dealers was nil and devolvement on RBI was also nil.

For the 10.25 per cent 2021 paper, the notified amount was Rs 4,000 crore. The underwriting notified amount was Rs 4,000 crore.

The central bank received 148 competitive bids for Rs 7,507.06 crore. It accepted 99 competitive bids amounting to Rs 3,970.13 crore. The cut-off price price was Rs 125.71. The partial allotment percentage was 28.27 per cent. The weighted average price was Rs 126.76.

The RBI also received and accepted 24 non-competitive bids for Rs 29.86 crore. The partial allotment percentage was 100 per cent.

The amount of underwriting accepted from primary dealers was Rs 3,005 crore. Devolvement on primary dealers was nil and devolvement on the RBI was also nil.

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