By Susanna Moon
Chicago, Nov. 20 - Reserve Bank of India sold Rs. 100 billion of government bonds in three tranches on Friday.
The bank sold a Rs. 30 billion reopening of its 7.32% bonds due 2014 at a cut-off price of 101.70 to yield 6.9035%.
Of the 163 competitive bids totaling Rs. 129,695,000,000 received, 42 bids were accepted for Rs. 29,881,500,000. Also, four non-competitive bids were received and accepted for Rs. 18,500,000.
The bank also sold a Rs. 40 billion reopening of its 6.35% bonds due 2020 at a cut-off price of 91.55 to yield 7.5591%.
Of the 252 competitive bids worth Rs. 122,390,000,000 received for this tranche, 56 bids were accepted for Rs. 39,727,500,000. Also, six non-competitive bids were received and accepted for Rs. 27.25 million.
In a third tranche, the bank sold a Rs. 30 billion reopening of its 7.5% bonds due 2034 at a cut-off price of 91.84 to yield 8.2789%.
Of the 123 competitive bid of Rs. 68,063,200,000 received in this tranche, 68 bids were accepted for Rs. 29,742,130,000. Also, seven non-competitive bids were received and accepted for Rs. 257,870,000.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 100 billion
|
| Issue: | Government bonds
|
| Auction date: | Nov. 13
|
|
|
| Bonds due 2014 (Re-issue)
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2014
|
| Coupon: | 7.32%
|
| Cut-off price: | 101.70
|
| Yield: | 6.9035%
|
|
|
| Bonds due 2020 (Re-issue)
|
| Amount: | Rs. 40 billion
|
| Maturity: | 2020
|
| Coupon: | 6.35%
|
| Cut-off price: | 91.55
|
| Yield: | 7.5591%
|
|
|
| Bonds due 2034 (Re-issue)
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2034
|
| Coupon: | 7.5%
|
| Cut-off price: | 91.84
|
| Yield: | 8.2789%
|
© 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.
