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Our Bureau

Mumbai, Aug. 8

The auctions of the 9.39 per cent 5-year 2011 Government security and the 7.59 per cent 10-year 2016 G-Sec were fully subscribed, said a press release from RBI. The cut off prices were higher than expectations, said bond dealers. In the case of the 9.39 per cent G-Sec the notified amount was Rs 6,000 crore. The RBI received 239 competitive bids amounting to Rs 15,317 crore. The cut off price was Rs 105.76 (7.94 per cent YTM). Of these RBI accepted 61 bids.

For the 7.59 per cent paper the notified amount was Rs 3,000 crore. The RBI received 219 competitive bids amounting to Rs 9,714 crore. The cut off price was Rs 95.51 (8.27 per cent YTM). Of these RBI accepted 25 bids.

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