By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – 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 100.70 to yield 6.6761%.
Of the 63 competitive bids totaling Rs. 57.72 billion received, 38 were accepted for Rs. 20.8 billion. Three non-competitive bids were received and accepted for Rs. 45 million.
The bank also priced an Rs. 80 billion re-issue of its 6.68% bonds due 2031 at a cut-off price of 98.47 to yield 6.8516%.
Of the 233 competitive bids totaling Rs. 220.21 billion received, 56 were accepted for Rs. 41.55 billion. Three non-competitive bids were received and accepted for Rs. 50 million.
The bank also priced a Rs. 20 billion re-issue of its 6.57% bonds due 2033 at a cut-off price of 95.12 to yield 7.0797%.
Of the 99 competitive bids totaling Rs. 70.5 billion received, 10 were accepted for Rs. 19.93 billion. Seven non-competitive bids were received and accepted for Rs. 71.5 million.
The bank also priced a new Rs. 20 billion issue of 7.06% bonds due 2046 at a cut-off price of 97.35 to yield 7.2802%.
Of the 83 competitive bids totaling Rs. 63.45 billion received, three were accepted for Rs. 19.87 billion. Nine non-competitive bids were received and accepted for Rs. 135 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government stock
|
| Auction date: | Sept. 22
|
|
|
| Bonds due 2022
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2022
|
| Coupon: | 6.84%
|
| Cut-off price: | 100.70
|
| Yield: | 6.6761%
|
|
|
| Bonds due 2031
|
| Amount: | Rs. 80 billion
|
| Maturity: | 2031
|
| Coupon: | 6.68%
|
| Cut-off price: | 98.47
|
| Yield: | 6.8516%
|
|
|
| Bonds due 2033
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2033
|
| Coupon: | 6.57%
|
| Cut-off price: | 95.12
|
| Yield: | 7.0797%
|
|
|
| Bonds due 2046
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2046
|
| Coupon: | 7.06%
|
| Cut-off price: | 97.35
|
| Yield: | 7.2802%
|
|
|
|
|
© 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.
