RBI announces auction of Govt. Bonds
RBI announces auction of Govt. Bonds RBI announced result of auction of 5.48% Government Stock, 2009 (Re-issue).The notified amount for the auction was Rs 50 billion out of which Rs 50 billion was market stabilization scheme (MSS) amount. RBI received 210 competitive bids worth Rs 125.01 billion for the bills. However, it accepted only 72 bids for the notified amount. The cut-off price determined at Rs 96.36 offered a ytm (yield to maturity) of 7.7887%. The weighted average price worked out to Rs 96.39, while the partial allotment percentage of competitive bids was 89.47 from 18 bids.The apex bank did not receive non-competitive bids to for the bills. RBI also announced result of auction of 5.87% Government Stock, 2010 (Re-issue). The notified amount for the auction was Rs 50 billion out of which Rs 50 billion was market stabilization scheme (MSS) amount. RBI received 150 competitive bids worth Rs 118.75 billion for the bills. However, it accepted only 49 bids for the notified amount. The cut-off price determined at Rs 95.93 offered a ytm (yield to maturity) of 7.8606%. The weighted average price worked out to Rs 95.99, while the partial allotment percentage of competitive bids was 41.18 from 11 bids.The apex bank did not receive non-competitive bids to for the bills. The total amount accepted for government bonds were worth Rs 50 billion each.
