Document title: Government Stock - Auction Results: Cut‑off
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026‑2027/890
Date: 14 August 2026
Capital Markets and Flows
The Reserve Bank of India announced the results of the government securities auction conducted on 14 August 2026. Four issues were offered: New Government Securities (GS) maturing in 2029 and 2033 with a notified amount of ₹11,000 crore each, and the 7.24 % GS 2055 and 7.50 % GOI SGrB 2056 with a notified amount of ₹5,000 crore each. The cut‑off price for the two new GS issues was expressed as yields of 6.20 % and 6.57 % respectively. For the 2055 and 2056 securities the cut‑off prices were ₹98.66 and ₹102.19, corresponding to implicit yields of 7.3523 % and 7.3169 % respectively. The amount accepted in the auction matched the full notified amount for each issue, indicating 100 % subscription. No devolvement was made on primary dealers for any of the securities.
The auction outcome demonstrates robust investor demand for long‑term government debt, with all issues fully subscribed at the stated yields and prices. This information may be used by market participants to gauge pricing trends in the sovereign bond market.
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