By Sarah Lizee
Olympia, Wash., Dec. 8 – The Reserve Bank of India auctioned Rs. 150 billion of government stock in five 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 99.61 to yield 6.9327%.
Of the 118 competitive bids totaling Rs. 110.89 billion received, 41 were accepted for Rs. 29.95 billion. Three non-competitive bids were received and accepted for Rs. 50 million.
The bank also priced an Rs. 80 billion re-issue of its 6.68% bonds due 2031 at a cut-off price of 95.93 to yield 7.1477%.
Of the 210 competitive bids totaling Rs. 215.38 billion received, 111 were accepted for Rs. 79.93 billion. Five non-competitive bids were received and accepted for Rs. 70 million.
The bank priced a Rs. 10 billion re-issue of its 6.57% bonds due 2033 at a cut-off price of 92.24 to yield 7.406%.
Of the 53 competitive bids totaling Rs. 18.1 billion received, 35 were accepted for Rs. 9.93 billion. Six non-competitive bids were received and accepted for Rs. 67.42 million.
The bank also priced a Rs. 10 billion re-issue of its 7.4% bonds due 2035 at a cut-off price of 99.07 to yield 7.4939%.
Of the 53 competitive bids totaling Rs. 19.8 billion received, 30 were accepted for Rs. 9.94 billion. Four non-competitive bids were received and accepted for Rs. 65 million.
The bank priced a Rs. 20 billion re-issue of its 7.72% bonds due 2055 at a cut-off price of 102.87 to yield 7.4898%.
Of the 35 competitive bids totaling Rs. 43.78 billion received, three were accepted for Rs. 19.96 billion. Two non-competitive bids were received and accepted for Rs. 40 million.
| Issuer: | Reserve Bank of India
|
| Total amount: | Rs. 150 billion
|
| Issue: | Government stock
|
| Auction date: | Dec. 8
|
|
|
| Bonds due 2022
|
| Amount: | Rs. 30 billion
|
| Maturity: | 2022
|
| Coupon: | 6.84%
|
| Cut-off price: | 99.61
|
| Yield: | 6.9327%
|
|
|
| Bonds due 2031
|
| Amount: | Rs. 80 billion
|
| Maturity: | 2031
|
| Coupon: | 6.68%
|
| Cut-off price: | 95.93
|
| Yield: | 7.1477%.
|
|
|
| Bonds due 2033
|
| Amount: | Rs. 10 billion
|
| Maturity: | 2033
|
| Coupon: | 6.57%
|
| Cut-off price: | 92.24
|
| Yield: | 7.406%
|
|
|
| Bonds due 2035
|
| Amount: | Rs. 10 billion
|
| Maturity: | 2035
|
| Coupon: | 7.4%
|
| Cut-off price: | 99.07
|
| Yield: | 7.4939%
|
|
|
| Bonds due 2055
|
| Amount: | Rs. 20 billion
|
| Maturity: | 2055
|
| Coupon: | 7.72%
|
| Cut-off price: | 102.87
|
| Yield: | 7.4898%
|
|
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