Document title: Government Stock - Auction Results: Cut-off
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/494
Date: 19 June 2026
Capital Markets and Flows
The RBI released the results of the government securities auction conducted on 19 June 2026. Four issues were offered: the 6.03% Government Security maturing in 2029, the 6.68% Government Security maturing in 2033, the 7.24% Government Security maturing in 2055, and the 7.50% Government of India Savings Bond (SGrB) maturing in 2056.
For the 2029 and 2033 securities, the notified amount was ₹11,000 crore each, while the 2055 and 2056 securities each had a notified amount of ₹5,000 crore. The full notified amounts were accepted in the auction, indicating complete subscription for all four issues.
The cut‑off price for the 2029 issue was 99.52 rupees, yielding an implicit yield of 6.2300%. The 2033 issue cut‑off price was 99.69 rupees with an implicit yield of 6.7373%. The 2055 issue recorded a cut‑off price of 97.10 rupees and an implicit yield of 7.4847%. The 2056 Savings Bond cut‑off price was 100.52 rupees, corresponding to an implicit yield of 7.4551%.
No devolvement was required from primary dealers for any of the four issues, as indicated by a NIL entry in the devolvement column.
The auction outcomes reflect the RBI’s ongoing management of government debt issuance and provide market participants with the final pricing and yield levels for the securities offered.