Govt Bond Auction Results: Full Details
The government has released the full auction results for four bond series, covering notified amounts and bid details. The auction included the 6.20% GS 2029, 6.57% GS 2033, 7.63% GS 2056, and 7.50% GOI SGrB 2056. The notified amount for the 2029 and 2056 series was ₹9,000 crore each, while the 2033 series had a notified amount of ₹12,000 crore and the SGrB 2056 series was ₹3,000 crore.
Competitive bids were received for all four series. The 6.20% GS 2029 saw 109 bids, the 6.57% GS 2033 received 175 bids, the 7.63% GS 2056 attracted 230 bids, and the 7.50% GOI SGrB 2056 received 54 bids. The cut-off prices were set at ₹97.69, ₹95.71, ₹97.51, and ₹96.23 respectively, with corresponding yields to maturity of 7.1218%, 7.3818%, 7.8459%, and 7.8292%.
The number of competitive bids accepted was 53 for the 2029 series, 86 for the 2033 series, 49 for the 2056 series, and 14 for the SGrB 2056. The weighted average prices were ₹97.74, ₹95.78, ₹97.56, and ₹96.35, with weighted average yields of 7.1014%, 7.3681%, 7.8415%, and 7.8184%. Non-competitive bids were fully accepted for all series.
The underwriting notified amount matched the initial notified amounts for all four series. The full underwriting amount was accepted from primary dealers, with no devolvement on primary dealers recorded for any of the bonds. The press release was issued by Ajit Prasad, Deputy General Manager (Communications), under reference 2026-2027/1411.
Why it matters
These auction results provide key data points on government borrowing costs and market demand for fixed-income instruments.
FAQ
What were the notified amounts for the auctioned bonds?
The notified amounts were ₹9,000 crore for the 6.20% GS 2029, ₹12,000 crore for the 6.57% GS 2033, ₹9,000 crore for the 7.63% GS 2056, and ₹3,000 crore for the 7.50% GOI SGrB 2056.
How many competitive bids were received for each series?
There were 109 bids for the 2029 series, 175 for the 2033 series, 230 for the 2056 series, and 54 for the SGrB 2056.
Was there any devolvement on primary dealers?
No, the devolvement on primary dealers was NIL for all four bond series.
Source: RBI Press Releases. See the original source for full details.
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