The RBI had notified Rs 21,000 crore of the 6.36% GS 2031 security and Rs 11,000 crore of the 7.71% GS 2066 bond.
The 6.36% GS 2031 attracted 260 competitive bids worth Rs 54,660 crore against the notified amount of Rs 21,000 crore. The cut-off price was set at Rs 99.43, translating into a yield of 6.5006%.
The weighted average price stood at Rs 99.47, while the weighted average yield came in at 6.4905%. The RBI accepted 70 competitive bids amounting to Rs 20,983.05 crore. Twenty-six bids received partial allotment at 66.0555%.
The 7.71% GS 2066 also witnessed robust demand, receiving 200 competitive bids worth Rs 27,177 crore against the notified amount of Rs 11,000 crore. The cut-off price was fixed at Rs 100.93, corresponding to a yield of 7.6345%.
The weighted average price for the security stood at Rs 101.02, while the weighted average yield came in at 7.6273%. The RBI accepted 78 competitive bids amounting to Rs 10,964.76 crore. Ten bids received partial allotment at 92.7605%.
Under the non-competitive segment, the RBI received and accepted bids worth Rs 16.95 crore for the 2031 bond and Rs 35.24 crore for the 2066 bond.
The entire underwriting notified amount of Rs 21,000 crore for the 2031 security and Rs 11,000 crore for the 2066 security was accepted from primary dealers. There was no devolvement on primary dealers in either security, reflecting healthy investor appetite for the auctioned bonds.
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ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
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BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: