Results of Auctions of 2/10/12 years State Development Loans of Eight State Governments – Full Auction Result

The Results of the auctions of 2/10/12 years State Development Loans for Eight State Governments held on April 17, 2018

Table
(₹ in crore)
  Andhra Pradesh* Assam Goa
Notified Amount 2,000.00 500.00 150.00
Underwriting Notified Amount Nil Nil Nil
Tenure 12 10 10
Competitive Bids Received
(i) No.
(ii) Amount
56
2,775.00
54
2,140.00
39
1,260.00
Cut-off Yield (%) 7.97 7.95
Competitive Bids Accepted
(i) No.
(ii) Amount

2
472.00
1
145.50
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.

93.4654
(2 bids)
97
(1 bid)
Non-Competitive Bids Received
(i) No.
(ii) Amount
7
56.00
6
28.00
3
4.50
Non-Competitive Price 0.00 100.00 100.00
Non-Competitive Bids Accepted
(i) No.
(ii) Amount

6
28.00
3
4.50
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.



Weighted Average Yield (%) 7.97 7.95
Amount of Underwriting accepted from primary dealers NIL NIL Nil
Devolvement of Primary Dealers NIL NIL Nil
Total Allotment Amount 500.00 150.00

Table continued
(₹ in crore)
  Gujarat Madhya Pradesh Maharashtra#
Notified Amount 1,000.00 2,000.00 1,500.00
Underwriting Notified Amount Nil Nil Nil
Tenure 10 10 2
Competitive Bids Received
(i) No.
(ii) Amount
124
4,300.00
156
4,808.14
70
8,120.00
Cut-off Yield (%) 7.95 8.05 7.344
Competitive Bids Accepted
(i) No.
(ii) Amount
4
935.00
59
1,869.00
16
1,486.50
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.
91.5
(1 bid)
18.9565
(18 bids)
51.5
(1 bids)
Non-Competitive Bids Received
(i) No.
(ii) Amount
11
65.00
11
131.00
3
13.50
Non-Competitive Price 100.01 100.28 98.90
Non-Competitive Bids Accepted
(i) No.
(ii) Amount
11
65.00
11
131.00
3
13.50
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.



Weighted Average Yield (%) 7.9486 8.0089 7.2848
Amount of Underwriting accepted from primary dealers NIL NIL NIL
Devolvement of Primary Dealers NIL NIL NIL
Total Allotment Amount 1,000.00 2,000.00 1,500.00

Table continued
(₹ in crore)
  Nagaland Tamil Nadu Total
Notified Amount 200.00 1,500.00 8,850.00
Underwriting Notified Amount Nil Nil  
Tenure 10 10  
Competitive Bids Received
(i) No.
(ii) Amount
35
1,065.00
171
4,122.00
705
28,590.14
Cut-off Yield (%) 7.97 8.05  
Competitive Bids Accepted
(i) No.
(ii) Amount
1
198.00
79
1,384.95
162
6,490.95
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.
99
(1 bid)
25.9744
(25 bids)
 
Non-Competitive Bids Received
(i) No.
(ii) Amount
1
2.00
17
115.05
59
415.05
Non-Competitive Price 100.00 100.24  
Non-Competitive Bids Accepted
(i) No.
(ii) Amount
1
2.00
17
115.05
52
395.05
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.



Weighted Average Yield (%) 7.97 8.0148  
Amount of Underwriting accepted from primary dealers NIL NIL  
Devolvement of Primary Dealers NIL NIL  
Total Allotment Amount 200.00 1,500.00 6,850.00
* Andhra Pradesh has rejected the entire amount in today’s auction
# issued on November 8, 2017

Ajit Prasad
Assistant Adviser

Press Release: 2017-2018/2754

Source: RBI Press Releases

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