India's latest sovereign bond auction for the 6.94% GS 2036 was fully subscribed, reflecting stable market appetite for long-term government debt as primary dealers faced no devolvement.
Auction results for the 6.94% GS 2036 show full subscription with no devolvement, indicating stable demand for Indian government debt.
The Reserve Bank of India successfully auctioned ₹34,000 crore of the 6.94% Government Stock 2036. The auction saw robust demand with competitive bids totaling over ₹94,000 crore, resulting in a cut-off yield of 7.3955% and no devolvement on primary dealers.
The auction was fully subscribed for the notified amount of ₹34,000 crore, with a cut-off yield of 7.3955% and no devolvement on primary dealers.