Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/983
Date: August 28, 2026
Capital Markets and Flows
The Reserve Bank of India announced the results of the full auction for the 6.94% Government Stock maturing in 2036. The notified amount for the issue was ₹34,000 crore. Competitive bids received a total of 383 applications amounting to ₹82,151.762 crore. Of these, 117 bids were accepted, representing ₹33,995.602 crore, with a partial allotment percentage of 97.9374% covering 47 bids. The cut‑off price corresponded to a yield of 6.9136%, while the weighted average price was ₹100.18, yielding 6.9122%. Non‑competitive bids comprised three applications totaling ₹4.398 crore, all of which were accepted in full.
Regulatory and Policy Measures
The entire notified amount of ₹34,000 crore was underwritten by primary dealers, and the underwriting amount accepted matched the notified amount. No devolvement was required from primary dealers, indicating full subscription through the underwriting mechanism.
The auction demonstrates robust demand for government securities and reflects the effectiveness of the RBI’s underwriting framework in ensuring complete subscription of sovereign debt issues.