India's latest government bond auction saw full subscription for the 6.94% GS 2036 notes, clearing at a 7.3955% yield with no primary dealer support required.
The auction of the 6.94% GS 2036 government bond was fully subscribed at a cut-off yield of 7.3955% with no devolvement, indicating stable demand.
The Reserve Bank of India successfully auctioned 34,000 crore rupees of the 6.94% GS 2036 government bonds. The securities were fully subscribed at a cut-off yield of 7.3955%, with no devolvement on primary dealers, signaling stable market demand for long-term sovereign debt.
The auction was fully subscribed for the total notified amount of 34,000 crore rupees at a cut-off yield of 7.3955%.