India's latest government securities auction for the 6.94% GS 2036 bond drew robust investor interest, with bids far exceeding the notified amount and the issue ultimately seeing partial allotment in the competitive segment. The Reserve Bank of India accepted the full notified underwriting support from primary dealers, while recording no devolvement, underscoring steady market appetite for long-dated sovereign paper.
India's 6.94% GS 2036 Auction Draws Strong Demand, Sees Partial Allotment as Cut-Off Settles at Rs 98.58
R
RDU Global Correspondent
BFSI & Fintech Desk
Mumbai, India 8h ago•4 min read
India's latest government securities auction for the 6.94% GS 2036 bond drew robust investor interest, with bids far exceeding the notified amount and the issue ultimately seeing partial allotment in the competitive segment. The Reserve Bank of India accepted the full notified underwriting support from primary dealers, while recording no devolvement, underscoring steady market appetite for long-dated sovereign paper.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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