By Reshmi Basu
New York, Aug. 23 - The Reserve Bank of India sold a total of Rs. 3.5 billion in two tranches of Treasury bills on Wednesday.
The bank sold Rs. 2 billion of 91-day bills at 98.43 to yield 6.3977%. Of the 54 competitive bids received, 21 bids were accepted. The one non-competitive bid received was accepted. The weighted average price was 98.43.
The bank also sold Rs. 1.5 billion of 182-day bills at 96.76 to yield 6.7164%. Of the 44 competitive bids received, 20 bids were accepted. The one non-competitive bid received was accepted. The weighted average price was 96.77.
| Issuer: | Reserve Bank of India
|
| Issue: | Treasury bills
|
| Total amount: | Rs. 3.5 billion
|
| Pricing date: | Aug. 23
|
|
|
| 91-day bills
|
| Amount: | Rs. 2 billion
|
| Issue price: | 98.43
|
| Yield: | 6.3977%
|
|
|
| 182-day bills
|
| Amount: | Rs. 1.5 billion
|
| Issue price: | 96.76
|
| Yield: | 6.7164%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
