India's latest bond auction saw full subscription across all four securities, including the 2029, 2033, and 2056 tenors, with yields ranging from 7.12% to 7.85%.
The 6.20% GS 2029 bond was successfully auctioned for the full notified amount of ₹9,000 crore. The auction resulted in a cut-off price of ₹97.69, reflecting an implicit yield of 7.1218%, with no devolvement on primary dealers, indicating strong market demand.
The implicit yield at the cut-off price was 7.1218%.
The 6.57% GS 2033 bond saw a successful auction of the full ₹12,000 crore notified amount. The bond cleared at a price of ₹95.71, resulting in an implicit yield of 7.3818% with no primary dealer support required.
No, there was NIL devolvement on primary dealers.
The 7.63% GS 2056 bond was auctioned for the full notified amount of ₹9,000 crore. The auction established a cut-off price of ₹97.51, which corresponds to an implicit yield of 7.8459%, demonstrating stable demand for long-dated sovereign paper.
The implicit yield at the cut-off price is 7.8459%.
The 7.50% GOI SGrB 2056 (Sovereign Green Bond) was fully subscribed at the notified amount of ₹3,000 crore. The auction cleared at a price of ₹96.23, resulting in an implicit yield of 7.8292% with no devolvement on primary dealers.
The total amount accepted was ₹3,000 crore.
The Reserve Bank of India successfully auctioned 33,000 crore rupees in government securities across four distinct tenors. All notified amounts were fully accepted by the market, with zero devolvement on primary dealers, signaling stable demand for sovereign debt.
The auction was fully subscribed, with the government accepting the total notified amount of 33,000 crore rupees across four different bond tenors.