Reserve Bank of India – Press Releases

The Results of the auctions of State Development Loans for 5 State Governments / Union Territories held on July 21, 2020.

Table
(₹ in crore)
	BIHAR 2023	KARNATAKA 2028	KARNATAKA 2027	KERALA 2027¹
Notified Amount	2000	1000	1000	500
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	3	8	7	7
Competitive Bids Received
(i) No.	19	158	92	56
(ii) Amount	3550	8420	5175	3180
Cut-off Yield (%)	4.52	6.09	6.12	–
Competitive Bids Accepted
(i) No.	8	1	38	–
(ii) Amount	1980	900	925.3	–
Partial Allotment Percentage of Competitive Bids
(i) Percentage	90	90	39.75	–
(ii) No.	(1 bids)	(1 bids)	(6 bids)	–
Non-Competitive Bids Received
(i) No.	1	13	10	7
(ii) Amount	20	121.5	74.7	35
Non-Competitive Price	100.18	100	100.32	0
Non-Competitive Bids Accepted
(i) No.	1	13	10	–
(ii) Amount	20	100	74.7	–
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	–	82.3045	–	–
(ii) No.	–	(13 bids)	–	–
Weighted Average Yield (%)	4.4538	6.09	6.063	–
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	2000	1000	1000	NA

	KERALA 2024	MAHARASHTRA 2028²	TAMILNADU 2050³	TAMILNADU 2030³
Notified Amount	500	2000	1000	1000
Underwriting Notified Amount	NIL	NIL	NIL	NIL
Tenure	4	8	30	10
Competitive Bids Received
(i) No.	38	195	56	164
(ii) Amount	2150	12420	5352	7902.2
Cut-off Yield (%)	5.03	6.24	6.49	6.33
Competitive Bids Accepted
(i) No.	19	31	3	8
(ii) Amount	477.5	2700	1189	1125
Partial Allotment Percentage of Competitive Bids
(i) Percentage	7.7869	98.4925	79.2667	77.1429
(ii) No.	(3 bids)	(11 bids)	(3 bids)	(2 bids)
Non-Competitive Bids Received
(i) No.	4	21	6	22
(ii) Amount	22.5	404.2	61	410.9
Non-Competitive Price	100.18	100.23	100	100.05
Non-Competitive Bids Accepted
(i) No.	4	21	6	22
(ii) Amount	22.5	300	61	125
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage	–	74.2207	–	30.421
(ii) No.	–	(21 bids)	–	(22 bids)
Weighted Average Yield (%)	4.9811	6.2024	6.49	6.3231
Amount of Underwriting accepted from primary dealers	NIL	NIL	NIL	NIL
Devolvement of Primary Dealers	NIL	NIL	NIL	NIL
Total Allotment Amount	500	3000	1250	1250

	Total
Notified Amount	9000
Underwriting Notified Amount
Tenure
Competitive Bids Received
(i) No.	778
(ii) Amount	48149.2
Cut-off Yield (%)
Competitive Bids Accepted
(i) No.	108
(ii) Amount	9296.8
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.
Non-Competitive Bids Received
(i) No.	84
(ii) Amount	1149.8
Non-Competitive Price
Non-Competitive Bids Accepted
(i) No.	77
(ii) Amount	703.2
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.
Weighted Average Yield (%)
Amount of Underwriting accepted from primary dealers
Devolvement of Primary Dealers
Total Allotment Amount	10000
¹ Kerala has not accepted any amount in the 7 year security ² Maharashtra has accepted an additional amount of ₹ 1000 cr.³ Tamil Nadu has accepted an additional amount of ₹ 250 cr in each of its two securities.

Ajit Prasad
Director

Press Release: 2020-2021/84

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