By Tali David
Minneapolis, Aug. 3 - The Reserve Bank of India auctioned Rs. 150 billion of government bonds in four tranches on Friday, according to a government announcement.
The bank priced a Rs. 40 billion add-on to its 8.19% bonds due 2020 at a cut-off price of 99.43 to yield 8.2927%.
Of the 157 competitive bids totaling Rs. 87.8 billion received, 83 were accepted for Rs. 39.89 billion. Six non-competitive bids were received and accepted for Rs. 113.5 million.
The bank also priced a Rs. 70 billion add-on to its 8.33% bonds due 2026 at a cut-off price of 99.52 to yield 8.3877%.
Of the 244 competitive bids totaling Rs. 147.67 billion received, 135 were accepted for Rs. 69.82 billion. Seven non-competitive bids were received and accepted for Rs. 180.5 million.
The bank priced a Rs. 20 billion add-on to its 8.28% bonds due 2032 at a cut-off price of 97.19 to yield 8.5786%.
Of the 79 competitive bids totaling Rs. 48.78 billion received, 16 were accepted for Rs. 19.9 billion. Six non-competitive bids were received and accepted for Rs. 95.6 million.
The bank also priced a Rs. 20 billion add-on to its 8.83% bonds due 2041 at a cut-off price of 101.90 to yield 8.6489%.
Of the 81 competitive bids totaling Rs. 48.65 billion received, 30 were accepted for Rs. 19.98 billion. Two non-competitive bids were received and accepted for Rs. 18.39 million.
Issuer: | Reserve Bank of India
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Total amount: | Rs. 150 billion
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Issue: | Government bonds
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Auction date: | Aug. 3
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Bonds due 2020
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Amount: | Rs. 40 billion
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Maturity: | 2020
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Coupon: | 8.19%
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Cut-off price: | 99.43
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Yield: | 8.2927%
|
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Bonds due 2026
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Amount: | Rs. 70 billion
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Maturity: | 2026
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Coupon: | 8.33%
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Cut-off price: | 99.52
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Yield: | 8.3877%
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Bonds due 2032
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Amount: | Rs. 20 billion
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Maturity: | 2032
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Coupon: | 8.28%
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Cut-off price: | 97.19
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Yield: | 8.5786%
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Bonds due 2041
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Amount: | Rs. 20 billion
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Maturity: | 2041
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Coupon: | 8.83%
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Cut-off price: | 101.90
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Yield: | 8.6489%
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