Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/442
Date: 12 June 2026
Capital Markets and Flows
The RBI announced the results of the full auction of two government securities: the 6.36% Government Stock maturing in 2031 (GS 2031) and the 7.71% Government Stock maturing in 2066 (GS 2066).
For GS 2031, the notified amount was ₹21,000 crore; for GS 2066, it was ₹11,000 crore. Competitive bids were received from 260 participants for GS 2031 amounting to ₹54,660 crore and from 200 participants for GS 2066 amounting to ₹27,177 crore. The cut‑off yields were 6.5006% (GS 2031) and 7.6345% (GS 2066).
Accepted competitive bids comprised 70 bids for GS 2031 totaling ₹20,983.052 crore and 78 bids for GS 2066 totaling ₹10,964.757 crore. The partial allotment percentages were 66.0555% for GS 2031 and 92.7605% for GS 2066. The weighted average yields were 6.4905% for GS 2031 and 7.6273% for GS 2066.
Non‑competitive bids were received from seven participants for each issue, amounting to ₹16.948 crore for GS 2031 and ₹35.243 crore for GS 2066; all were accepted in full.
Underwriting was fully covered by primary dealers for both issues, with the underwriting notified amount equal to the notified amount (₹21,000 crore for GS 2031 and ₹11,000 crore for GS 2066). No devolvement on primary dealers was reported.
The press release was issued by Deputy General Manager Ajit Prasad, Communications Department.
Overall, the auction achieved substantial subscription, with competitive bids far exceeding the notified amounts and high partial allotment rates, particularly for the longer‑dated GS 2066.