By Tali David
Minneapolis, Dec. 20 - The Reserve Bank of India auctioned Rs. 150 billion of government stock in four tranches on Friday, according to a government announcement.
The bank priced a Rs. 40 billion add-on to its 8.12% bonds due 2020 at a cut-off price of 95.73 to yield 8.9562%.
Of the 108 competitive bids totaling Rs. 89.09 billion received, 48 were accepted for Rs. 39.96 billion. Three non-competitive bids were received and accepted for Rs. 42.5 million.
The bank also priced a Rs. 70 billion add-on to its 8.28% bonds due 2027 at a cut-off price of 92.95 to yield 9.1906%.
Of the 171 competitive bids totaling Rs. 140.57 billion received, 108 were accepted for Rs. 69.82 billion. Eleven non-competitive bids were received and accepted for Rs. 178.3 million.
The bank priced a Rs. 20 billion add-on to its 9.2% bonds due 2030 at a cut-off price of 99.88 to yield 9.2111%.
Of the 91 competitive bids totaling Rs. 57.83 billion received, 63 were accepted for Rs. 19.87 billion. Six non-competitive bids were received and accepted for Rs. 129 million.
The bank also priced Rs. 20 billion on its 9.23% bonds due 2043 to yield 9.23%.
Of the 135 competitive bids totaling Rs. 79.71 billion received, 56 were accepted for Rs. 19.94 billion. Three non-competitive bids were received and accepted for Rs. 63.5 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government stock
|
| Auction date: | Dec. 20
|
|
|
| Bonds due 2020
|
| Amount: | Rs. 40 billion
|
| Maturity: | 2020
|
| Coupon: | 8.12%
|
| Cut-off price: | 95.73
|
| Yield: | 8.9562%
|
|
|
| Bonds due 2027
|
| Amount: | Rs. 70 billion
|
| Maturity: | 2027
|
| Coupon: | 8.28%
|
| Cut-off price: | 92.95
|
| Yield: | 9.1906%
|
|
|
| Bonds due 2030
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2030
|
| Coupon: | 9.2%
|
| Cut-off price: | 99.88
|
| Yield: | 9.2111%
|
|
|
| Bonds due 2043
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2043
|
| Coupon: | 9.23%
|
| Yield: | 9.23%
|
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