India Government Bond Auction: History

The following is a history of the Indian government bond auctions since January 2010.

================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 10/28/2011     2017     7.99      71.315      38.375       8.92       1.86
 10/28/2011     2022     8.13     105.643      59.945       8.95       1.76
 10/28/2011     2027     8.28      58.240      19.929       8.98       2.92
 10/28/2011     2040     8.30      75.093      29.985       8.98       2.50
 10/14/2011     2018     7.83      60.555      23.635       8.79       2.56
 10/14/2011     2021     7.80     107.587      35.627       8.78       3.02
 10/14/2011     2027     8.26      93.116      29.822       8.95       3.12
 10/07/2011     2017     8.07      55.300      29.914       8.64       1.85
 10/07/2011     2022     8.08     104.100      59.923       8.70       1.74
 10/07/2011     2027     8.28      59.508      27.938       8.87       2.13
 10/07/2011     2040     8.30      55.122      22.842       8.92       2.41
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 09/09/2011     2017     8.07      52.296      29.915       8.33       1.75
 09/09/2011     2021     7.80     116.024      49.885       8.30       2.33
 09/09/2011     2027     8.28      89.459      29.840       8.57       3.00
 09/02/2011     2017     7.99      59.048      22.708       8.39       2.60
 09/02/2011     2022     8.13     103.725      49.909       8.46       2.08
 09/02/2011     2040     8.30      65.005      29.945       8.67       2.17
 08/26/2011     2018     7.83      54.515      29.909       8.34       1.82
 08/26/2011     2021     7.80     121.748      59.865       8.30       2.03
 08/26/2011     2027     8.28      58.373      19.901       8.58       2.93
 08/18/2011     2017     8.07      66.720      29.980       8.29       2.23
 08/18/2011     2022     8.08     102.566      39.872       8.41       2.57
 08/18/2011     2032     8.28      72.675      29.907       8.60       2.43
 08/12/2011     2018     7.83      57.185      29.821       8.29       1.92
 08/12/2011     2021     7.80     105.925      59.812       8.28       1.77
 08/12/2011     2040     8.30      68.742      29.905       8.59       2.30
 08/05/2011     2017     8.07      91.414      39.932       8.30       2.29
 08/05/2011     2022     8.13     138.816      49.853       8.39       2.78
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 08/05/2011     2027     8.28      86.294      29.893       8.60       2.89
 07/29/2011     2018     7.83      59.538      29.859       8.50       1.99
 07/29/2011     2021     7.80     143.428      59.748       8.47       2.40
 07/29/2011     2040     8.30      66.594      29.942       8.73       2.22
 07/22/2011     2017     8.07      85.391      39.858       8.33       2.14
 07/22/2011     2022     8.08     100.667      49.828       8.44       2.02
 07/22/2011     2027     8.28      73.601      29.863       8.62       2.46
 07/15/2011     2018     7.83      73.990      29.889       8.28       2.48
 07/15/2011     2021     7.80     112.914      59.852       8.25       1.89
 07/15/2011     2040     8.30      88.641      29.919       8.59       2.96
 07/08/2011     2017     8.07      77.940      29.897       8.38       2.61
 07/08/2011     2022     8.13     103.339      59.874       8.48       1.73
 07/08/2011     2027     8.28      80.499      29.838       8.62       2.70
 07/01/2011     2018     7.83      65.927      29.871       8.39       2.21
 07/01/2011     2021     7.80     126.290      59.895       8.36       2.11
 07/01/2011     2027     8.26      66.805      29.709       8.64       2.25
 07/01/2011     2040     8.30      72.613      29.944       8.66       2.42
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 06/24/2011     2016     7.59      63.662      29.875       8.34       2.13
 06/24/2011     2022     8.08     145.422      59.837       8.35       2.43
 06/24/2011     2032     8.28      74.215      29.895       8.60       2.48
 06/10/2011     2018     7.83      67.477      29.879       8.30       2.26
 06/10/2011     2021     7.80     134.609      59.920       8.25       2.25
 06/10/2011     2027     8.26      72.058      29.763       8.59       2.42
 06/03/2011     2016     7.59      62.223      29.993       8.40       2.07
 06/03/2011     2022     8.13     128.287      59.922       8.44       2.14
 06/03/2011     2032     8.28      71.522      29.933       8.60       2.39
 05/27/2011     2018     7.83      66.068      39.908       8.54       1.66
 05/27/2011     2021     7.80      99.576      49.931       8.43       1.99
 05/27/2011     2040     8.30      72.425      29.894       8.66       2.42
 05/20/2011     2016     7.59      76.078      33.558       8.49       2.27
 05/20/2011     2022     8.08     108.781      49.858       8.49       2.18
 05/20/2011     2027     8.26      78.284      29.860       8.64       2.62
 05/13/2011     2018     7.83      93.013      39.799       8.40       2.34
 05/13/2011     2021     7.80      85.490      49.892       8.29       1.71
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 05/13/2011     2040     8.30      69.769      29.878       8.64       2.34
 05/06/2011     2016     7.59      96.920      39.915       8.40       2.43
 05/06/2011     2022     8.13     133.506      49.895       8.40       2.68
 05/06/2011     2027     8.26      72.722      29.754       8.60       2.44
 04/21/2011     2018     7.83      68.960      29.980       8.10       2.30
 04/21/2011     2021     7.80     122.105      59.950       8.06       2.04
 04/21/2011     2040     8.30      66.609      29.955       8.50       2.22
 04/15/2011     2016     7.59      55.530      31.250       8.21       1.78
 04/15/2011     2022     8.08     105.494      49.856       8.25       2.12
 04/15/2011     2027     8.26      68.873      29.933       8.47       2.30
 04/08/2011     2018      n/a     119.615      39.942       7.83       2.99
 04/08/2011     2021      n/a     159.914      49.805       7.80       3.21
 04/08/2011     2040     8.30      64.617      29.977       8.41       2.16
 02/11/2011     2017     7.49      82.150      29.922       8.15       2.75
 02/11/2011     2022     8.08      76.295      39.810       8.25       1.92
 02/11/2011     2027     8.26      59.134      29.492       8.54       2.01
 02/04/2011     2015     7.17      97.354      29.927       8.17       3.25
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 02/04/2011     2022     8.13      74.886      39.678       8.23       1.89
 02/04/2011     2040     8.30      60.266      29.861       8.58       2.02
 01/21/2011     2017     7.99      68.521      39.974       8.19       1.71
 01/21/2011     2022     8.08      67.658      39.909       8.25       1.70
 01/21/2011     2027     8.26      69.761      29.583       8.52       2.36
 01/14/2011     2015     7.17      79.209      39.948       8.11       1.98
 01/14/2011     2022     8.13      83.705      39.862       8.17       2.10
 01/14/2011     2040     8.30      65.333      29.870       8.53       2.19
 01/07/2011     2017     7.49      68.485      32.710       8.05       2.09
 01/07/2011     2020     7.80      68.537      25.017       8.19       2.74
 01/07/2011     2027     8.26      62.351      29.451       8.47       2.12
 12/24/2010     2015     7.17      45.760      19.937       7.87       2.30
 12/24/2010     2022     8.08      61.328      19.849       8.04       3.09
 12/24/2010     2040     8.30      49.160      19.893       8.44       2.47
 12/10/2010     2017     7.49      61.896      29.969       8.08       2.07
 12/10/2010     2027     8.26      72.436      29.791       8.50       2.43
 12/03/2010     2017     7.99      85.793      39.841       8.01       2.15
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 12/03/2010     2022     8.13      67.180      39.820       8.15       1.69
 12/03/2010     2040     8.30      69.562      29.883       8.49       2.33
 11/19/2010     2015     7.17     103.500      40.000       7.85       2.59
 11/19/2010     2022     8.08      82.528      39.986       8.09       2.06
 11/19/2010     2027     8.26      72.273      29.686       8.42       2.43
 11/12/2010     2017     7.99      84.230      39.943       7.99       2.11
 11/12/2010     2020     7.80      84.940      39.938       8.10       2.13
 11/12/2010     2040     8.30      55.320      29.956       8.49       1.85
 11/04/2010     2015     7.17      67.300      39.980       7.81       1.68
 11/04/2010     2022     8.13     113.385      49.959       8.01       2.27
 11/04/2010     2027     8.26      45.575      19.869       8.37       2.29
 10/22/2010     2017     7.99      83.255      39.979       7.93       2.08
 10/22/2010     2022     8.08      85.745      49.893       8.11       1.72
 10/22/2010     2040     8.30      45.240      19.957       8.47       2.27
 10/15/2010     2015     7.17      83.270      39.990       7.80       2.08
 10/15/2010     2020     7.80      80.329      39.960       8.07       2.01
 10/15/2010     2027     8.26      57.515      29.669       8.40       1.94
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 10/08/2010     2017     7.99      80.560      39.965       7.92       2.02
 10/08/2010     2022     8.13      77.371      39.875       8.08       1.94
 10/08/2010     2040     8.30      54.765      29.929       8.42       1.83
 10/01/2010     2015     7.17      91.500      39.995       7.74       2.29
 10/01/2010     2022     8.08      81.560      39.985       8.04       2.04
 10/01/2010     2027     8.26      67.738      29.691       8.31       2.28
 09/24/2010     2017     7.99     149.950      49.891       7.88       3.01
 09/24/2010     2020     7.80      91.060      39.962       7.86       2.28
 09/24/2010     2040     8.30      46.403      19.884       8.37       2.33
 09/09/2010     2015     7.17     101.850      40.000       7.69       2.55
 09/09/2010     2022     8.13      87.594      39.940       8.02       2.19
 09/09/2010     2027     8.26      78.424      29.665       8.35       2.64
 09/03/2010     2017     7.46      92.559      39.878       8.01       2.32
 09/03/2010     2022     8.08     128.202      49.909       8.03       2.57
 09/03/2010     2040     8.30      64.790      29.893       8.40       2.17
 08/27/2010     2015     7.17      87.810      49.952       7.74       1.76
 08/27/2010     2020     7.80      82.024      26.044       8.03       3.15
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 08/27/2010     2027     8.26      73.170      29.365       8.38       2.49
 08/20/2010     2017     7.46      96.595      39.900       8.00       2.42
 08/20/2010     2022     8.13     101.680      49.790       7.99       2.04
 08/20/2010     2040     8.30      64.494      29.905       8.40       2.16
 08/13/2010     2015     7.17      81.100      39.932       7.71       2.03
 08/13/2010     2020     7.80     100.127      49.883       7.90       2.01
 08/13/2010     2027     8.26      75.584      29.336       8.39       2.58
 08/06/2010     2017     7.46     101.325      49.927       7.93       2.03
 08/06/2010     2022     8.13     119.815      49.884       8.13       2.40
 08/06/2010     2032     8.32      50.883      26.383       8.41       1.93
 07/30/2010     2015     7.17      93.570      49.880       7.61       1.88
 07/30/2010     2020     7.80     103.628      49.801       7.78       2.08
 07/30/2010     2027     8.24      50.388      29.524       8.35       1.71
 07/30/2010     2040     8.30      46.504      19.929       8.33       2.33
 07/16/2010     2017     7.46     123.979      49.904       7.62       2.48
 07/16/2010     2022     8.20     124.274      49.793       8.00       2.50
 07/16/2010     2027     8.26      71.183      29.549       8.24       2.41
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 07/09/2010     2015     7.17     127.480      39.946       7.40       3.19
 07/09/2010     2020     7.80      85.960      49.930       7.67       1.72
 07/09/2010     2032     8.32      56.780      29.728       8.33       1.91
 07/02/2010     2017     7.46     106.650      29.940       7.51       3.56
 07/02/2010     2022     8.20      88.330      39.775       7.92       2.22
 07/02/2010     2040      n/a      86.145      29.829       8.3*       2.89
 06/25/2010     2015     7.17      69.429      49.975       7.40       1.39
 06/25/2010     2020     7.80      91.480      49.935       7.62       1.83
 06/25/2010     2027     8.26      55.713      19.707       8.20       2.83
 06/25/2010     2032     8.23      59.887      29.850       8.28       2.01
 06/18/2010     2012     6.85     105.600      46.100       6.21       2.29
 06/18/2010     2022     8.20     131.289      49.657       7.98       2.64
 06/11/2010     2015      n/a     154.810      39.738       7.17       3.90
 06/11/2010     2020     7.80      99.271      49.799       7.57       1.99
 06/11/2010     2032     8.32      49.630      19.610       8.22       2.53
 06/04/2010     2016     7.02     101.480      49.907       7.70       2.03
 06/04/2010     2022     8.20     128.580      49.760       7.90       2.58
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 06/04/2010     2027     8.26      71.315      29.425       8.18       2.42
 05/28/2010     2015     7.38      73.500      39.910       7.41       1.84
 05/28/2010     2020     7.80     125.935      49.820       7.60       2.53
 05/28/2010     2032     8.32      59.725      29.799       8.25       2.00
 05/21/2010     2016     7.02      92.680      49.895       7.39       1.86
 05/21/2010     2022     8.20      93.965      49.872       7.64       1.88
 05/21/2010     2027     8.26      74.882      29.472       7.98       2.54
 05/14/2010     2015     7.38     134.740      39.832       7.24       3.38
 05/14/2010     2020     7.80      98.225      49.800       7.54       1.97
 05/14/2010     2032     8.28      71.427      29.605       8.22       2.41
 05/07/2010     2016     7.02     100.725      49.873       7.39       2.02
 05/07/2010     2022     8.20      79.360      49.760       7.78       1.59
 05/07/2010     2027     8.26      76.810      29.405       8.12       2.61
 05/07/2010     2032     8.32      60.337      19.360       8.23       3.12
 04/30/2010     2010      n/a     190.020      49.506       7.80       3.84
 04/30/2010     2015     7.38     134.155      49.789       7.41       2.69
 04/30/2010     2032     8.28      74.271      19.200       8.43       3.87
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 04/23/2010     2016     7.02     141.198      59.960       7.65       2.35
 04/23/2010     2027     8.26      86.645      29.379       8.43       2.95
 04/23/2010     2020 Floating      86.110      30.000        n/a       2.87
 04/15/2010     2015     7.38     126.333      59.985       7.70       2.11
 04/15/2010     2022     8.20      91.039      39.933       8.34       2.28
 04/15/2010     2032     8.28      50.260      29.978       8.63       1.68
 04/09/2010     2012     6.85     146.810      49.995       5.98       2.94
 04/09/2010     2020     6.35      78.810      45.450       7.96       1.73
 04/09/2010     2027     8.26      47.165      19.741       8.29       2.39
 02/05/2010     2016     7.02      52.182      29.960       7.51       1.74
 02/05/2010     2020     6.35      58.910      29.837       7.68       1.97
 02/05/2010     2027     8.24      51.169      19.224       8.32       2.66
 01/22/2010     2014     7.32      50.215      19.949       7.13       2.52
 01/22/2010     2020 Floating      97.300      30.000        n/a       3.24
 01/22/2010     2032     8.28      49.063      19.605       8.28       2.50
 01/15/2010     2016     7.02      78.760      29.950       7.39       2.63
 01/15/2010     2020     6.35      77.870      39.910       7.64       1.95
================================================================================
    Date of Maturity                 Bids        Bids    Cut-off  Bid/Cover
    Auction     Year   Coupon    Received    Accepted     Yield*      Ratio
================================================================================
 01/15/2010     2027     8.24      57.320      29.591       8.28       1.94
 01/08/2010     2014     7.32      91.810      39.923       7.27       2.30
 01/08/2010     2019     6.90      74.383      29.942       7.77       2.48
 01/08/2010     2032     8.28      71.460      29.486       8.33       2.42
================================================================================

NOTE1: Bids are in billions of rupees. NOTE2: Yields, rather than prices, will be announced at new bond auctions.

An asterisks signifies that the value is a yield, and therefore

a percentage.

SOURCE: Reserve Bank of India. http://www.rbi.org.in/home.aspx

To contact the reporter on this story: Manish Modi in New Delhi at mmodi6@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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