Government securities worth Rs 27,000 crore fully subscribed on July 18

The central government on Friday auctioned securities worth total of Rs 27000 crore Rs 15000 crore maturing in 2030 and Rs 12000 crore maturing in 2054According to the Reserve Bank of India RBI the government securities were subscribed to in their entirety The 2030 maturing bond will yield 601 per cent annualised returns and 709 per cent for the 2054 maturing bondThe underwriting auction was conducted through multiple pricebased methods today Primary Dealers have submitted their bids for auction electronically through the Core Banking Solution EKuber System between 0900 AM and 0930 AM on the day of the underwriting auction todayThe underwriting commission will be credited to the current account of the respective primary dealers with the RBI today itself Primary dealers are registered entities with the RBI who have the license to purchase and sell government securitiesRecently as many as twelve Indian states raised a total of Rs 26900 crore in the latest auction of State Government Securities SGS RBI data showed All participating states accepted the full amount they had notified for the auctionMaharashtra led the fundraising drive mobilising Rs 6000 crore through four securities The state offered yields of 712 per cent for a 22year security 713 per cent for a 23year security 715 per cent for a 24year security and 716 per cent for a 25year securityFollowing Maharashtra Andhra Pradesh raised Rs 3600 crore through two securities of Rs 1500 crore and Rs 2100 crore against a lower yield of 687 per cent and 688 per cent for tenures of 8 and 9 years respectivelyUttar Pradesh raised Rs 3000 crore through one security at a yield of 686 per cent for a tenure of 8 yearsUttar Pradesh is followed by Telangana and Punjab both of which raised Rs 2500 crore each Punjab also gave the highest yield on its security of 719 per cent for a tenure of 24 yearsTelanganas Rs 2500 crore was through three securities two of Rs 1000 crore each the first at a yield of 710 per cent for 32 years and the second at a yield of 709 per cent for a tenure of 35 years The third security of Rs 500 crore was raised by the state for 38 years at a yield of 709 per centWest Bengal Gujarat and Bihar raised securities worth Rs 2000 crore each West Bengal at a yield of 707 per cent for a tenure of 12 years Gujarat with a yield of 680 per cent for a tenure of nine years and Bihar with a yield of 690 per cent for a tenure of 10 yearsOther participants in the auction included Odisha which raised Rs 1500 crore through two securities of Rs 1000 crore and Rs 500 crore First at a yield of 698 per cent for a tenure of 12 years and second at 613 per cent for a tenure of three years respectivelyTamil Nadu raised Rs 1000 crore through a security with a yield of 682 per cent for a tenure of 10 years Goa raised Rs 100 crore at 689 per cent for a tenure of 10 per centRBI had conducted this yieldbased auction as part of its regular borrowing calendar for states helping them meet their capital expenditure and fiscal needsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever