New Delhi [India], December 16 (ANI): States and Union Territories collectively raised Rs 15,330 crore through the Reserve Bank of India’s yield- and price-based auction of State Government Securities, against a notified amount of Rs 17,850 crore, according to an official RBI press release issued on Tuesday.
As per the auction results, Assam raised Rs 900 crore through a 14-year security at a cut-off yield of 7.59 percent. Chhattisgarh mobilised Rs 2,000 crore through two securities, raising Rs 1,000 crore via an eight-year security at a cut-off yield of 7.37 percent and another Rs 1,000 crore through the re-issue of the 7.29 percent Chhattisgarh State Government Security 2030 at a cut-off price of 100.83, translating into a yield of 7.0694 percent.
Goa raised Rs 100 crore through a 10-year security at a cut-off yield of 7.34 percent. Gujarat raised Rs 1,000 crore through a nine-year security at a cut-off yield of 7.27 percent, while it did not accept any amount in the 15-year security offered in the auction.
Maharashtra raised Rs 2,000 crore through two re-issued securities. The state mobilised Rs 1,000 crore through the re-issue of the 7.07 percent Maharashtra SGS 2033 at a cut-off price of 98.80, corresponding to a yield of 7.2706 percent. Another Rs 1,000 crore was raised through the re-issue of the 7.25 percent Maharashtra SGS 2037 at a cut-off price of 98.67, yielding 7.4189 percent.
Nagaland raised Rs 500 crore through a five-year security at a cut-off yield of 7.14 percent. Puducherry raised a total of Rs 350 crore, including Rs 150 crore through a five-year security at a yield of 7.14 percent and Rs 200 crore through a 10-year security at a yield of 7.56 percent.
Tamil Nadu raised Rs 4,000 crore across four securities, including a four-year security at a cut-off yield of 6.77 percent, a seven-year security at 7.16 percent, a 10-year security at 7.23 percent, and a 30-year security at 7.45 percent. The state did not accept any amount in the 11-year security.
Uttar Pradesh raised Rs 2,480 crore against a notified amount of Rs 3,000 crore. The state raised Rs 1,000 crore through a 12-year security at a yield of 7.46 percent, Rs 980 crore through a 14-year security at 7.51 percent, and Rs 500 crore through the re-issue of the 7.24 percent Uttar Pradesh SGS 2033 at a cut-off price of 99.88, yielding 7.2597 percent.
West Bengal raised Rs 2,000 crore through two securities, including a 16-year security at a cut-off yield of 7.61 percent and a 19-year security at a cut-off yield of 7.52 percent, the RBI said.
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