12% Gilt Traded For Rs 80 Crore

NSE REPORT

The Wholesale Debt Segment at the National Stock Exchange clocked a trading volume of Rs 416.72 crore. Of this, the commercial paper segment contributed a volume of Rs 25 crore, certificate of deposits contributed Rs 5 crore, repo Rs 25 crore and treasury bill Rs 15 crore.

A repo trade was done for a term of 14 days for 10.85 per cent government loan maturing in 2001 at the rate of seven per cent.

In CP segment three trades were reported: five trades, which include CP of ITC worth Rs 5 crore and at the yield of 8.4 per cent, and two trades each of Nestle and Reliance Industries worth Rs 10 crore at the yield of 9.5 per cent and 9.25 per cent, respectively. The CD of IFCI maturing July 17, 1998 was traded for Rs 5 crore at the yield of 9.35 per cent.

 

The 12 per cent government loan maturing on 2008 saw 11 trades and was traded for Rs 80 crore and at the yield of 11.88 per cent. The paper was at the low of Rs 100.55 and high of Rs 100.66. The 11.15 per cent government loan maturing on 2002 was traded for Rs 45 crore at the weighted average yield of 10.95 per cent. The paper was traded at the uniform rate of Rs 100.55 for all four trades.