Document title: Government Stock - Full Auction Results
Issuing authority: Department of Communication, Reserve Bank of India
Reference number: Press Release: 2026-2027/643
Date: July 10, 2026
Capital Markets and Flows
The Reserve Bank of India announced the outcomes of the full auction of two government securities: the 6.36% Government Security maturing in 2031 and the 7.71% Government Security maturing in 2066. The notified amounts were ₹21,000 crore for the 2031 issue and ₹11,000 crore for the 2066 issue. Competitive bidding attracted 235 bids for the 2031 security amounting to ₹59,818.230 crore and 262 bids for the 2066 security amounting to ₹33,104.141 crore. The cut‑off yields were 6.4218% for the 2031 issue and 7.4543% for the 2066 issue.
From the competitive bids, 44 bids for the 2031 security and 63 bids for the 2066 security were accepted, representing allocations of ₹20,995.654 crore and ₹10,965.370 crore respectively. The partial allotment percentages were 30.8052% for the 2031 issue and 60.3495% for the 2066 issue, yielding weighted average yields of 6.4142% and 7.4497% respectively. Non‑competitive bids comprised three bids for the 2031 issue totaling ₹4.346 crore and six bids for the 2066 issue totaling ₹34.630 crore; all non‑competitive bids were accepted in full. Underwriting was fully satisfied by primary dealers for both issues, with the entire notified amounts of ₹21,000 crore and ₹11,000 crore respectively being underwritten, and there was no devolvement on primary dealers.
In summary, the auction saw robust participation, with competitive bids exceeding the notified amounts, and the securities were fully underwritten without any dealer shortfall. The yields reflect the market pricing at the time of the auction.