The Hindu Business Line : Gilts oversubscribed at Rs 9,000-cr auction

Advertisement

Mumbai Feb. 9 The Rs 9,000-crore auction of the 7.37 per cent 2014-government security and the 8.33 per cent 2036-government security was over subscribed.

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

The Reserve Bank of India received 170 competitive bids amounting to Rs 10,048.73 crore. The cut-off price was Rs 97.25 (7.88 per cent YTM).

Of these, the RBI accepted 82 competitive bids for around Rs 5982.75 crore.

The partial allotment percentage of competitive bids was 72.20 per cent from 4 bids. The weighted average price was Rs 97.37.

The RBI also received and accepted 19 non-competitive bids amounting to Rs 17.24 crore. The partial allotment percentage on non-competitive bids was 100 per cent.

For the 8.33 per cent 2036 paper the notified amount was Rs 3,000 crore. RBI received 220 bids amounting to Rs 8,754 crore. The cut-off price was Rs 101.53 (8.18 per cent YTM).

Of these RBI accepted 90 competitive bids for Rs 2997.60 crore.

The partial allotment percentage of competitive bids was 14.25 per cent from six bids.

The weighted average price was Rs 101.94.

The RBI also received and accepted two non-competitive bids for Rs 2.40 crore. The partial allotment percentage on non-competitive bids was 100 per cent.