**Executive Summary:**
This press release from the Reserve Bank of India, dated September 19, 2025, announces the full auction results for Government Stock, specifying details for 5.91% GS 2028 and 6.33% GS 2035. The document includes data on notified amounts, bids received and accepted, cut-off prices/yields, and underwriting amounts. No specific action items are noted beyond noting these auction results.
**Key Points / Main Content:**
* **Auction Results:** Data is provided separately for 5.91% GS 2028 and 6.33% GS 2035.
* **Competitive Bids:**
* Notified Amount: ₹6,000 Crore for 5.91% GS 2028; ₹30,000 Crore for 6.33% GS 2035.
* Bids Received: 91 for 5.91% GS 2028 (amounting to ₹21,741.000 Crore) and 440 for 6.33% GS 2035 (amounting to ₹76,262.750 Crore).
* Bids Accepted: 6 for 5.91% GS 2028 (amounting to ₹5,999.207 Crore) and 161 for 6.33% GS 2035 (amounting to ₹29,927.627 Crore).
* Cut-off Yield: 5.8899% for 5.91% GS 2028 and 6.5198% for 6.33% GS 2035.
* Partial Allotment Percentage of Competitive Bids: 87.4504% (2 bids) for 5.91% GS 2028 and 29.7326% (41 bids) for 6.33% GS 2035.
* Weighted Average Yield: 5.8781% for 5.91% GS 2028 and 6.5170% for 6.33% GS 2035.
* **Non-Competitive Bids:**
* Bids Received: 3 for 5.91% GS 2028 (amounting to ₹0.793 Crore) and 6 for 6.33% GS 2035 (amounting to ₹72.373 Crore).
* Bids Accepted: 3 for 5.91% GS 2028 (amounting to ₹0.793 Crore) and 6 for 6.33% GS 2035 (amounting to ₹72.373 Crore).
* Partial Allotment Percentage: (Not Available)
* **Underwriting:**
* Underwriting Notified Amount: ₹6,000 Crore for 5.91% GS 2028 and ₹30,000 Crore for 6.33% GS 2035.
* Amount of Underwriting accepted from primary dealers: ₹6,000 Crore for 5.91% GS 2028 and ₹30,000 Crore for 6.33% GS 2035.
* Devolvement on Primary Dealers: NIL for both GS.
**Impact Analysis:**
**Primary Dealers:**
* **Impact:** Primary dealers participated in the underwriting of both government stocks.
* **Action Required:** The amount of underwriting accepted is ₹6,000 Crore for 5.91% GS 2028 and ₹30,000 Crore for 6.33% GS 2035. Devolvement on Primary Dealers for both stocks is NIL.
**Government Stock Investors:**
* **Impact:** Investors who bid competitively received allotments based on the cut-off yields and partial allotment percentages. Non-competitive bids were also accepted.
* **Action Required:** Review allotment status based on bids submitted.
Key Entities Referenced
Reserve Bank of India: The central bank of India, issuing this press release.
5.91% GS 2028: One of the Government Securities being auctioned. Maturity year: 2028
6.33% GS 2035: One of the Government Securities being auctioned. Maturity year: 2035
Government Stock: The type of securities being auctioned.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
September 19, 2025
Government Stock - Full Auction Results
(Amount in ₹ Crore)
Auction Results 5.91% GS 2028 6.33% GS 2035
I. Notified Amount 6,000 30,000
Competitive Bids Received
II. (i) Number 91 440
(ii) Amount 21,741.000 76,262.750
100.04 98.65
III. Cut-off price / Yield
(YTM: 5.8899%) (YTM: 6.5198%)
Competitive Bids Accepted
IV. (i) Number 6 161
(ii) Amount 5,999.207 29,927.627
Partial Allotment Percentage of 87.4504% 29.7326%
V.
Competitive Bids (2 bids) (41 bids)
100.07 98.67
VI. Weighted Average Price/Yield
(WAY: 5.8781%) (WAY: 6.5170%)
Non-Competitive Bids Received
VII. (i) Number 3 6
(ii) Amount 0.793 72.373
Non-Competitive Bids Accepted
(i) Number 3 6
VIII.
(ii) Amount 0.793 72.373
(iii) Partial Allotment Percentage
IX. Underwriting Notified Amount 6,000 30,000
Amount of Underwriting
X. 6,000 30,000
accepted from primary dealers
Devolvement on Primary
XI. NIL NIL
Dealers
Ajit Prasad
Press Release: 2025-2026/1132 Deputy General Manager
(Communications)