Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/539
Date: June 25, 2026
Capital Markets and Flows
The Reserve Bank of India announced the results of full auctions for two government securities. For the 6.68% Government Security maturing in 2040 (GS 2040), the notified amount was ₹17,000 crore. Competitive bids were received from 279 participants amounting to ₹62,938 crore, representing 96.71% of the notified amount. The cut‑off yield (YTM) was 7.0530%, and the weighted average yield (WAY) was 7.0518%. Four competitive bids were accepted, totaling ₹16,990.345 crore, with a partial allotment percentage of 99.7560%. Two competitive bids were recorded, achieving a 96.72% acceptance rate. Seven non‑competitive bids were received and accepted, amounting to ₹9.655 crore. Underwriting fully covered the notified amount, with primary dealers receiving the entire ₹17,000 crore and no devolvement required.
For the 7.43% Government Security maturing in 2076 (GS 2076), the notified amount was ₹11,000 crore. Competitive bids came from 173 participants totaling ₹29,635 crore, covering 98.64% of the notified amount. The cut‑off yield (YTM) was 7.5346%, and the weighted average yield (WAY) was 7.5307%. Twenty‑one competitive bids were accepted, amounting to ₹10,983.189 crore, with a partial allotment percentage of 12.4095%. One competitive bid was recorded, achieving a 98.69% acceptance rate. Five non‑competitive bids were received and accepted, amounting to ₹16.811 crore. Underwriting also fully covered the notified amount, with primary dealers receiving the entire ₹11,000 crore and no devolvement.
Overall, the auctions were largely oversubscribed, with competitive participation high and underwriting fully satisfied, indicating robust demand for government securities.