Document title: Government Stock - Full Auction Results

Issuing authority: Reserve Bank of India

Date: August 14, 2026

Capital Markets and Flows

The Reserve Bank of India announced the results of a full auction of four government securities, with a total notified amount of ₹32,000 crore. The securities and their detailed outcomes are as follows:

New Government Security 2029 (GS 2029)

  • Notified amount: ₹11,000 crore.
  • Competitive bids received: 113 bids amounting to ₹23,784.000 crore.
  • Cut‑off price: ₹100.00, corresponding to a yield of 6.2000% (YTM).
  • Competitive bids accepted: 64 bids totaling ₹10,988.248 crore, representing a partial allotment of 54.5302% of the competitive bids (20 bids).
  • Weighted average price: ₹100.04 (WAY).
  • Non‑competitive bids received and accepted: 3 bids amounting to ₹11.752 crore, fully allotted.
  • Underwriting: Notified amount ₹11,000 crore; amount accepted from primary dealers ₹11,000 crore; no devolvement on primary dealers.

New Government Security 2033 (GS 2033)

  • Notified amount: ₹11,000 crore.
  • Competitive bids received: 150 bids amounting to ₹31,587.000 crore.
  • Cut‑off price: ₹100.00, yield 6.5700% (YTM).
  • Competitive bids accepted: 50 bids totaling ₹10,988.687 crore, with a partial allotment of 89.4865% (31 bids).
  • Weighted average price: ₹100.02 (WAY).
  • Non‑competitive bids received and accepted: 5 bids amounting to ₹11.313 crore, fully allotted.
  • Underwriting: Notified amount ₹11,000 crore; amount accepted from primary dealers ₹11,000 crore; no devolvement on primary dealers.

7.24% Government Security 2055 (GS 2055)

  • Notified amount: ₹5,000 crore.
  • Competitive bids received: 129 bids amounting to ₹16,025.000 crore.
  • Cut‑off price: ₹98.66, yield 7.3523% (YTM).
  • Competitive bids accepted: 12 bids totaling ₹4,985.390 crore, with a partial allotment of 49.3913% (4 bids).
  • Weighted average price: ₹98.69 (WAY).
  • Non‑competitive bids received and accepted: 5 bids amounting to ₹14.610 crore, fully allotted.
  • Underwriting: Notified amount ₹5,000 crore; amount accepted from primary dealers ₹5,000 crore; no devolvement on primary dealers.

7.50% Government Security 2056 (GOI SGrB 2056)

  • Notified amount: ₹5,000 crore.
  • Competitive bids received: 67 bids amounting to ₹13,725.000 crore.
  • Cut‑off price: ₹102.19, yield 7.3169% (YTM).
  • Competitive bids accepted: 20 bids totaling ₹4,997.571 crore, with a partial allotment of 50.2008% (2 bids).
  • Weighted average price: ₹102.30 (WAY).
  • Non‑competitive bids received and accepted: 2 bids amounting to ₹2.429 crore, fully allotted.
  • Underwriting: Notified amount ₹5,000 crore; amount accepted from primary dealers ₹5,000 crore; no devolvement on primary dealers.

Overall, the auction saw strong demand across all issues, with competitive bid amounts substantially exceeding the notified amounts and partial allotments varying by issue. All non‑competitive bids were fully allotted, and underwriting was fully covered by primary dealers without any devolvement.