The RBI successfully auctioned 33,000 crore in government securities and sovereign gold bonds, with yields peaking at 7.85% for the 2056 maturity and no devolvement on primary dealers.
The 6.20% GS 2029 bond auction resulted in a cut-off yield of 7.1218% against a notified amount of 9,000 crore. The auction saw competitive bids totaling 18,463 crore, with 8,996.382 crore accepted, indicating strong demand relative to the notified amount.
The cut-off yield was 7.1218%.
No, there was nil devolvement on primary dealers for this security.
The 6.57% GS 2033 bond auction concluded with a cut-off yield of 7.3818% for a notified amount of 12,000 crore. Competitive bids reached 27,422 crore, reflecting significant investor interest in this maturity segment.
The weighted average yield was 7.3681%.
175 competitive bids were received for this security.
The 7.63% GS 2056 bond auction saw a cut-off yield of 7.8459% for a notified amount of 9,000 crore. Despite receiving 27,235 crore in competitive bids, the auction successfully cleared without devolvement on primary dealers.
The cut-off price was 97.51.
No, devolvement on primary dealers was nil.
The 7.50% GOI SGrB 2056 auction resulted in a cut-off yield of 7.8292% for a notified amount of 3,000 crore. The auction attracted 54 competitive bids totaling 6,281 crore, with 2,999.723 crore accepted.
The cut-off yield was 7.8292%.
2,999.723 crore was accepted.
The Reserve Bank of India successfully auctioned 33,000 crore in government securities and sovereign gold bonds. The auction saw robust demand across all tranches, with yields ranging from 7.12% for the 2029 maturity to 7.85% for the 2056 long-dated paper. Primary dealers reported no devolvement, signaling strong market appetite for the sovereign debt issuance.
The Reserve Bank of India raised a total of 33,000 crore through the auction of four different government securities and sovereign gold bonds.