By Wendy Van Sickle
Columbus, Ohio, June 23 – 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. 30 billion re-issue of its 6.84% bonds due 2022 at a cut-off price of 101.24 to yield 6.5663%.
Of the 103 competitive bids totaling Rs. 97.05 billion received, 25 were accepted for Rs. 29.9 billion. Seven non-competitive bid were received and accepted for Rs. 100 million.
The bank priced a Rs. 70 billion re-issue of its 6.79% bonds due 2029 at a cut-off price of 100.44 to yield 6.7373%.
Of the 238 competitive bids totaling Rs. 251.01 billion received, 73 were accepted for Rs. 69.78 billion. Eleven non-competitive bid were received and accepted for Rs. 215.61 million.
The bank priced a Rs. 20 billion re-issue of its 6.57% bonds due 2033 at a cut-off price of 97.26 to yield 6.8497%.
Of the 102 competitive bids totaling Rs. 46.03 billion received, 55 were accepted for Rs. 19.69 billion. Nine non-competitive bid were received and accepted for Rs. 307.5 million.
The bank priced a Rs. 30 billion re-issue of its 6.62% bonds due 2051 at a cut-off price of 93.84 to yield 7.1003%.
Of the 151 competitive bids totaling Rs. 111.7 billion received, one was accepted for Rs. 29.8 billion. Five non-competitive bid were received and accepted for Rs. 200 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government stock
|
| Auction date: | June 23
|
|
|
| Bonds due 2022
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2022
|
| Coupon: | 6.84%
|
| Cut-off price: | 101.24
|
| Yield: | 6.5663%
|
|
|
| Bonds due 2029
|
| Amount: | Rs. 70 billion
|
| Maturity: | 2029
|
| Coupon: | 6.79%
|
| Cut-off price: | 100.44
|
| Yield: | 6.7373%
|
|
|
| Bonds due 2033
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2033
|
| Coupon: | 6.57%
|
| Cut-off price: | 97.26
|
| Yield: | 6.8497%
|
|
|
| Bonds due 2051
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2051
|
| Coupon: | 6.62%
|
| Cut-off price: | 93.84
|
| Yield: | 7.1003%
|
|
|
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