Financial Daily from THE HINDU group of publications
Tuesday, Apr 09, 2002
Financial Daily from THE HINDU group of publications Tuesday, Apr 09, 2002 |
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Money & Banking
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Govt Bonds Good response to bonds auction Our Bureau
MUMBAI: The two Government papers, which were put up for sale in the RBI's open market operations (OMO) received a satisfactory response, according to market players. The auction of 11.19 per cent 2005, which was for an aggregate amount of Rs 3,000 crore, received 62 bids amounting to Rs 2,500 crore, of which, 47 bids amounting to Rs 2,240 crore were accepted. The cut off price was fixed at Rs 114.50. The 10.25 percent 2021 paper was auctioned for an aggregate amount of Rs 2,000 crore. It received a total of 75 bids amounting to Rs 3,045 crore, of which, 14 bids worth Rs 2,000 crore were accepted. The cut off price was fixed at Rs 125.30.
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