By Tali Rackner
Norfolk, Va., Feb. 7 - The Reserve Bank of India auctioned Rs. 100 billion of government stock in three tranches on Friday, according to a government announcement.
The bank priced a Rs. 30 billion add-on to its 8.12% bonds due 2020 at a cut-off price of 95.46 to yield 9.0205%.
Of the 134 competitive bids totaling Rs. 81.53 billion received, 56 were accepted for Rs. 29.86 billion. Seven non-competitive bids were received and accepted for Rs. 140.8 million.
The bank also priced a Rs. 50 billion add-on to its 8.83% bonds due 2023 at a cut-off price of 100.65 to yield 8.7264%.
Of the 152 competitive bids totaling Rs. 103.96 billion received, 93 were accepted for Rs. 49.81 billion. Fourteen non-competitive bids were received and accepted for Rs. 192.6 million.
The bank priced a Rs. 20 billion add-on to its 8.32% bonds due 2032 at a cut-off price of 92.7 to yield 9.1454%
Of the 105 competitive bids totaling Rs. 50.51 billion received, 52 were accepted for Rs. 19.67 billion. Fourteen non-competitive bids were received and accepted for Rs. 334.2 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 100 billion
|
| Issue: | Government stock
|
| Auction date: | Feb. 7
|
|
|
| Bonds due 2020
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2020
|
| Coupon: | 8.12%
|
| Cut-off price: | 95.46
|
| Yield: | 9.0205 %
|
|
|
| Bonds due 2023
|
| Amount: | Rs. 50 billion
|
| Maturity: | 2023
|
| Coupon: | 8.83%
|
| Cut-off price: | 100.65
|
| Yield: | 8.7264%
|
|
|
| Bonds due 2032
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2032
|
| Coupon: | 8.32%
|
| Cut-off price: | 92.7
|
| Yield: | 9.1454
|
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