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Date : Jul 25, 2017
Results of Auctions of 4 to 20 years State Development Loans of Thirteen State Governments - Full Auction Result

The Results of the auctions of 4 to 20 years State Development Loans for Thirteen State Governments held on July 25, 2017.

Table
(₹ in crore)
  Andhra Pradesh Assam Gujarat* Kerala
Notified Amount 2,000.00 500.00 1,000.00 1,000.00
Underwriting Notified Amount Nil Nil Nil Nil
Tenure (Years) 12 10 10 10
Competitive Bids Received
(i) No.
(ii) Amount

12
2,345.00

16
1,135.00

110
6,145.00

72
2,945.00
Cut-off Yield (%) 7.22 7.3 7.17 7.19
Competitive Bids Accepted
(i) No.
(ii) Amount

6
1,969.23

11
497.50

32
1,242.50

33
947.70
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.

90.4615
(1 bid)

22.5
(2 bids)

57.6142
(12 bids)

2.082
(10 bids)
Non-Competitive Bids Received
(i) No.
(ii) Amount

3
30.77

1
2.50

7
57.50

7
52.30
Non-Competitive Price 100.03 100.31 100.06 100.13
Non-Competitive Bids Accepted
(i) No.
(ii) Amount

3
30.77

1
2.50

7
57.5

7
52.30
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.

-
-

-
-

-
-

-
-
Weighted Average Yield (%) 7.2159 7.2559 7.1614 7.1713
Amount of Underwriting accepted from primary dealers NIL Nil NIL NIL
Devolvement of Primary Dealers NIL Nil NIL NIL
Total Allotment Amount 2,000.00 500.00 1,300.00 1,000.00

Table continued
(₹ in crore)
  Maharashtra# Maharashtra Meghalaya Orissa
Notified Amount 3,000.00 2,000.00 125.00 1,000.00
Underwriting Notified Amount Nil Nil Nil Nil
Tenure (Years) 15 12 10 4
Competitive Bids Received
(i) No.
(ii) Amount

13
3,325.00

41
1,850.00

6
500.00

84
10,810.00
Cut-off Yield (%) 7.2189 7.2194 7.26 6.94
Competitive Bids Accepted
(i) No.
(ii) Amount

8
2,986.50

30
1,390.00

1
125.00

12
990.00
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.

95.3833
(1 bid)

-
-

-
-

23.1707
(6 bids)
Non-Competitive Bids Received
(i) No.
(ii) Amount

4
13.50

8
47.50

-
-

1
10.00
Non-Competitive Price 99.65 99.93 100.00 100.05
Non-Competitive Bids Accepted
(i) No.
(ii) Amount

4
13.50

8
47.50

-
-

1
10.00
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.

-
-

-
-

-
-

-
-
Weighted Average Yield (%) 7.2176 7.1874 7.26 6.9268
Amount of Underwriting accepted from primary dealers NIL NIL NIL NIL
Devolvement of Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 3,000.00 1,437.50 125.00 1,000.00

Table continued
(₹ in crore)
  Punjab Rajasthan Tamil Nadu
Notified Amount 200.00 500.00 1,000.00
Underwriting Notified Amount Nil Nil Nil
Tenure (Years) 10 15 10
Competitive Bids Received
(i) No.
(ii) Amount

13
637.00

8
660.00

100
4,820.00
Cut-off Yield (%) 7.24 7.22 7.18
Competitive Bids Accepted
(i) No.
(ii) Amount

4
195.50

1
500.00

31
912.80
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.

47.75
(1 bids)

-
-

4.28
(12 bids)
Non-Competitive Bids Received
(i) No.
(ii) Amount

2
4.50

-
-

10
87.20
Non-Competitive Price 100.18 100.00 100.11
Non-Competitive Bids Accepted
(i) No.
(ii) Amount

2
4.50

-
-

10
87.20
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.

-
-

-
-

-
-
Weighted Average Yield (%) 7.2144 7.22 7.165
Amount of Underwriting accepted from primary dealers NIL NIL NIL
Devolvement of Primary Dealers NIL NIL NIL
Total Allotment Amount 200.00 500.00 1,000.00

Table continued
(₹ in crore)
  Telangana Uttar Pradesh* West Bengal Total
Notified Amount 1,000.00 1,600.00 1,000.00 15,925.00
Underwriting Notified Amount Nil Nil Nil -
Tenure (Years) 20 10 10  
Competitive Bids Received
(i) No.
(ii) Amount

12
1,960.00

83
7,180.00

61
4,505.00

631
48,817.00
Cut-off Yield (%) 7.24 7.19 7.2 -
Competitive Bids Accepted
(i) No.
(ii) Amount

1
1,000.00

20
1,901.00

22
957.50

212
15,615.23
Partial Allotment Percentage of Competitive Bids
(i) Percentage
(ii) No.

-
-

96.2776
(8 bids)

2.093
(10 bids)

-
-
Non-Competitive Bids Received
(i) No.
(ii) Amount

-
-

11
99.00

6
42.50

60
447.27
Non-Competitive Price 100.00 100.03 100.11 -
Non-Competitive Bids Accepted
(i) No.
(ii) Amount

-
-

11
99.00

6
42.50

60
447.27
Partial Allotment Percentage of Non-Competitive Bids
(i) Percentage
(ii) No.

-
-

-
-

-
-

-
-
Weighted Average Yield (%) 7.24 7.1859 7.1849 -
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 1,000.00 16,062.50
* Gujarat and Uttar Pradesh have retained an additional amount of ₹ 300 cr and ₹ 400 cr respectively.
# Maharashtra has accepted only ₹ 1437.50 cr for reissue of 7.18% Maharashtra 2029.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/239


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