Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/1187
Date: September 25, 2026
Capital Markets and Flows
The Reserve Bank of India released the complete results of the full auction for Government Stock (GS) maturing in 2036. The notified amount for the issue was ₹34,000 crore. A total of 402 competitive bids were received, representing an aggregate bid amount of ₹83,880 crore, which corresponds to 98.58% of the notified amount.
Out of these, 143 competitive bids were accepted, amounting to ₹33,915.822 crore, representing 19.5619% of the total competitive bid volume. The auction featured a partial allotment for 51 competitive bids, achieving a 98.60% allotment rate. The cut‑off price yielded a yield to maturity (YTM) of 7.1450%, while the weighted average yield (WAY) for the accepted bids was 7.1421%.
In the non‑competitive segment, seven bids were received amounting to ₹84.178 crore, and all seven were fully allotted for the same total amount. The underwriting portion of the issue matched the full notified amount, with primary dealers underwriting the entire ₹34,000 crore. No devolvement was required from primary dealers.
Overall, the auction was fully subscribed on both competitive and non‑competitive fronts, with the yields indicating the market’s pricing of the 2036 government security at the stated levels.