RBI publishes results of ₹34,000 crore auction for 6.94% Government Stock 2036. Cut-off yield at 7.1450%, with ₹83,880 crore bids received.
Full Auction Results: ₹34,000 Crore 6.94% GS 2036
The Reserve Bank of India has released the full results of the auction for ₹34,000 crore of 6.94% Government Stock (GS) 2036. A total of 402 competitive bids were received, amounting to ₹83,880 crore, nearly 2.47 times the notified amount.
The cut-off yield was set at 7.1450%, with a corresponding price of ₹98.58 per ₹100 face value. The high bid-to-cover ratio indicates strong investor appetite, likely from insurance companies and banks seeking long-duration sovereign paper for duration management and statutory compliance.
For legal and financial professionals, auction results are essential for benchmarking yields, pricing fixed-income portfolios, and advising clients on G-sec investments. The auction was conducted under the NDS-Auction platform, governed by the Government Securities Act, 2006, and related regulations.
Citations
- Government Securities Act, 2006
