Debt Up Feb 2013

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WHOLESALE DEBT MARKET REVIEW

Highlights for the Month of February, 2013

Major Highlights:

The annual rate of inflation, based on monthly WPI, stood at 6.62% (Provisional) for the month of

January 2013 as compared to 7.18% in December 2012 and 7.23% during January 2012. The annual

rate of inflation based on final index for November 2012 stood unchanged at 7.24% as reported earlier.

RBI conducted OMO purchase of Government Securities for 9,997.504 crore on February 15, 2013.

During the month the rupee continued its southward movement to touch a low of 54.48/$ on February

21, 2013, ending the month at 53.77/$ as against 53.29/$ in last month. Domestic currency ended the

month at 70.68/€.

During the month, banks have borrowed an average amount of `1108242.11 Mn from the RBI under

the daily LAF repo auctions. On the other hand RBI absorbed an average amount of `4102.11 Mn

under the daily LAF Reverse repo auctions.

RBI permitted standalone PDs to become members of SEBI approved stock exchanges for the purpose

of undertaking proprietary transactions in corporate bonds.

Highlights of Union Budget for 2013-14:

Total Budget estimate for FY14 is 16.44 lakh crore.

Fiscal deficit contained at 5.2% in FY13, pegged at 4.8% in FY14.

Current Account Deficit (CAD) is a bigger worry than Fiscal Deficit. India needs $75 billion to finance

CAD over next 2 years. FII, FDI or External Commercial Borrowings (ECB) to finance CAD, is the

only way forward.

In the 12th Plan infrastructure outlay is proposed at 55 lakh crore.

Proposal introduction of Inflation-indexed instruments.

Tax-free bonds for 50,000 crore to be approved in FY14.

Banks to be permitted to act as insurance brokers.

Mutual Fund distributors will be allowed to become members of Stock Exchanges.

Insurance, pension companies can directly trade in debt market.

FII participation in forex segment permitted subject to FX exposure.

Revenue from spectrum allocation in FY14 pegged at 40,847 crore.

International Market:

The Governing Council of the ECB held the interest rate on the main refinancing operations, marginal

lending facility and deposit facility at 0.75%, 1.50% and 0.00% respectively. ECB President Mario

Draghi signaled policy makers are concerned that the euro's strength will hamper their efforts to pull

the economy out of recession.

The Bank of England's Monetary Policy Committee maintained the official Bank Rate paid on

commercial bank reserves at 0.5% and the stock of asset purchases financed by the issuance of central

bank reserves at £375 billion stating that it was appropriate to look through the temporary, albeit

protracted, period of above-target inflation in order to support the economy.

Britain's Aaa sovereign rating was cut by one notch toAa1 with a stable outlook by Moody's which the

cited weak prospects for British economic growth as the reason behind its decision.

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Yield Movement

The 10 year benchmark (GS CG2022A 8.15%) yield moved northward to touch a high of 7.79% on

February 25,2013 but ended the month at 7.87% as against 7.89% in the previous month.

The graphical representation of 10 year benchmark WYTM based on WDM trades are given below:-

Graph-1: 10-Year Benchmark Yield movement

Government Primary Issuance:

Total Estimated borrowing for FY 2012-13 stands at `5696159.40 Mn. out of which `5580000 Mn. was

borrowed till February, 2013, whereas the net borrowing till date was `4673840.60 Mn.

Details of primary issuance are given below:

Central Government Scheduled Borrowings: Date of Auction Fresh/

Re-issue

Security Notified Amount

(`.in Mn.)

Multiple/ Uniform

price auction method

Cut-off

Price (`.)

Cut-off

yield (%)

01 Feb 2013 Re-issue GS CG2020 8.12% 30000.00 Uniform - 7.92









State Government Scheduled Borrowings: Date of Auction Fresh/

Re-issue

Security Notified Amount

(`.in Mn.)

Multiple/ Uniform

price auction method

Cut-off

Price (`.)

Cut-off

yield (%)

05 Feb 2013 Fresh 8.72% SDL Andhra Pradesh 2023 25000.00 Multiple - 8.72

05 Feb 2013 Fresh 8.69% SDL Bihar 2023 5000.00 Multiple - 8.69

05 Feb 2013 Fresh 8.68% SDL Gujarat 2023 10000.00 Multiple - 8.68

05 Feb 2013 Fresh 8.66% SDL Haryana 2023 5700.00 Multiple - 8.66

05 Feb 2013 Fresh 8.67% SDL Maharashtra 2023 15000.00 Multiple - 8.67

05 Feb 2013 Fresh 8.71% SDL Punjab 2023 5000.00 Multiple - 8.71

05 Feb 2013 Fresh 8.67% SDL Uttarakhand 2023 11000.00 Multiple - 8.67

18 Feb 2013 Fresh 8.59% SDL Andhra Pradesh 2023 5000.00 Multiple - 8.59

18 Feb 2013 Fresh 8.62% SDL Haryana 2023 7700.00 Multiple - 8.62

18 Feb 2013 Fresh 8.66% SDL Jharkhand 2023 10000.00 Multiple - 8.66

18 Feb 2013 Fresh 8.62% SDL Karnataka 2023 10000.00 Multiple - 8.62

18 Feb 2013 Fresh 8.64% SDL Madhya Pradesh 2023 10000.00 Multiple - 8.64

18 Feb 2013 Fresh 8.62% SDL Maharashtra 2023 15000.00 Multiple - 8.62

18 Feb 2013 Fresh 8.62% SDL Tamil Nadu 2023 8000.00 Multiple - 8.62

18 Feb 2013 Fresh 8.60% SDL West Bengal 2023 5000.00 Multiple - 8.60

7.75

7.80

7.85

7.90

7.95

VW

YT

M

(%)

GS CG2022A 8.15%

of 16

Primary Yields (cut-off yields) in T-Bill auctions during the financial year are as follows: Date of Auction 91 Day 182 Day 364 Day Date of Auction 91 Day 182 Day 364 Day

04-Apr-12 8.81 - 8.34 11-Apr-12 8.77 8.57 -

18-Apr-12 8.31 - 8.17 25-Apr-12 8.39 8.38 -

02-May-12 8.44 - 8.31 09-May-12 8.44 8.42 -

16-May-12 8.39 - 8.29 23-May-12 8.39 8.42 -

30-May-12 8.39 - 8.28 06-Jun-12 8.27 8.16 -

13-Jun-12 8.14 - 7.83 20-Jun-12 8.31 8.31 -

27-Jun-12 8.31 - 8.12 04-Jul-12 8.27 8.27 -

11-Jul-12 8.23 - 8.06 18-Jul-12 8.19 8.12 -

25-Jul-12 8.14 - 7.98 01-Aug-12 8.23 8.25 -

08-Aug-12 8.23 - 8.06 14-Aug-12 8.27 8.27 -

22-Aug-12 8.23 - 8.12 29-Aug-12 8.23 8.25 -

05-Sep-12 8.14 - 8.08 12-Sep-12 8.14 8.14 -

20-Sep-12 8.10 - 8.06 26-Sep-12 8.14 8.14 -

03-Oct-12 8.06 - 8.00 10-Oct-12 8.10 8.10 -

17-Oct-12 8.10 - 7.97 23-Oct-12 8.10 8.07 -

31-Oct-12 8.14 - 8.11 07-Nov-12 8.14 8.16 -

12-Nov-12 8.19 - 8.11 21-Nov-12 8.19 8.16 -

27-Nov-12 8.19 - 8.11 05-Dec-12 8.19 8.14 -

12-Dec-12 8.19 - 8.05 19-Dec-12 8.14 8.14 -

26-Dec-12 8.19 - 8.01 02-Jan-13 8.10 8.05 -

09-Jan-13 8.06 - 7.85 16-Jan-13 7.98 7.98 -

23-Jan-13 7.98 - 7.84 30-Jan-13 7.94 7.94 -

06-Feb-13 7.98 - 7.88 13-Feb-13 7.98 7.94 -

20-Feb-13 8.02 - 7.90 27-Feb-13 8.10 8.03 -

Security Information

Market Composition

Type of Security

No. of Securities

as on Feb.28,

2013

Issue Size* (` in millions) Increase /

Decrease in Last

one Year (%) As on

Feb.28, 2013

As on

Jan.31, 2013

As on Dec.

31, 2012

As on Feb.

29, 2012

Govt. Bonds 128 27811534 27811534 27811534 25395372 9.51

State Govt. Bonds 1487 8861250 8803271 8641180 7370263 20.23

Treasury Bills 53 3061868 3266531 3105533 2601219 17.71

State Enterprise Bonds 1097 2974691 2924101 2893845 2419378 22.95

Financial Institutions /

Bank Bonds 1030 3797974 3790269 3658520 3342365 13.63

Corporate Debt 1995 2572522 2525984 2477849 1995463 28.92

Supra Institutional Bonds 1 5000 5000 5000 5000 -

Local Bodies 19 30178 30178 30178 30178 -

Total 5810 49115017 49156868 48623639 43159238 13.80

*rounded off to the nearest million. **Debt oriented Mutual Funds not included in the above data.

Market Capitalisation as on February 28, 2013

Security Type No. of

Securities Mkt Capitalisation

(` Mn.) % of Total

Govt Securities 128 2776204.56 56.63

PSU Bonds 1097 297484.62 6.07

State Loans 1487 888873.27 18.13

Treasury Bills 53 298097.91 6.08

Local Bodies 19 3028.32 0.06

Fin Inst. 531 168746.02 3.44

Bank Bonds 499 210071.92 4.29

Supranational Bonds 1 391.22 0.01

Corporate Bonds 1995 259549.74 5.29

Total 5810 4902447.58 100.00

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Securities added during the month

The category wise issues and issues added on the WDM segment during the month of February 2013 are given

below:

Category wise issues: Category Issues as on

January 31, 2013

Added /Suspension revoked

during the Month

Matured during

the month

Deleted /Suspended

during the month

Issues as on

February 28, 2013

Banks 501 1 3 0 499

Corporate 1955 74 33 1 1995

FIs 524 16 9 0 531

Govt Sec 1684 23 39 0 1668

PSU 1045 57 5 0 1097

Others 20 0 0 0 20

Total 5729 171 89

1 5810

Issue additions during February, 2013

Sec

Type Security Issue Coupon Issue Date

Maturity

Date Next IP Date

Coupon

Freq. Credit Rating

Call

Option

Date

Put Option

Date

Issue

Size (` in

Mn.)

BB DHLK18B 11.90% 11.9 24-Jan-13 24-Oct-18 30-Jun-13 Half-yearly BRCK BBB 10

CF ABF15 RESET 9.85 21-Jan-13 21-Jan-15 22-Apr-13 Qtrly ICRA AA 1500

CF ABF15A RESET 9.85 24-Jan-13 23-Jan-15 25-Apr-13 Qtrly ICRA AA 1000

DB ABF18 9.50% 9.5 22-Jan-13 20-Apr-18 22-Jan-14 Yearly ICRA AA 350

DB AUF16 11.95% 11.95 24-Jan-13 24-May-16 24-Apr-13 Qtrly CRISIL A 24-Mar-15 125

DB AUF16A 11.95% 11.95 24-Jan-13 24-Jul-16 24-Apr-13 Qtrly CRISIL A 24-Apr-15 125

DB AUF16B 11.95% 11.95 24-Jan-13 24-Sep-16 24-Apr-13 Qtrly CRISIL A 24-May-15 125

DB AUF16C 11.95% 11.95 24-Jan-13 24-Nov-16 24-Apr-13 Qtrly CRISIL A 24-Jun-15 125

DB AUF17 11.95% 11.95 24-Jan-13 24-Jan-17 24-Apr-13 Qtrly CRISIL A 24-Jul-15 125

DB AUF17A 11.95% 11.95 24-Jan-13 24-Mar-17 24-Apr-13 Qtrly CRISIL A 24-Aug-15 125

DB AUF17B 11.95% 11.95 24-Jan-13 24-May-17 24-Apr-13 Qtrly CRISIL A 24-Sep-15 125

DB AUF17C 11.95% 11.95 24-Jan-13 24-Jul-17 24-Apr-13 Qtrly CRISIL A 24-Oct-15 125

DB CAPF18 10% 10 15-Feb-13 15-Feb-18 14-Feb-14 Yearly CARE AA+ 1000

DB DALC20 10.75% 10.75 07-Jan-13 06-Jan-20 30-Jun-13 Half-yearly ICRA AA- 1000

DB DALC20 11% 11 07-Jan-13 06-Jan-20 31-Dec-13 Yearly ICRA AA- 06-Jan-18 06-Jan-18 1000

DB DHFC16 10.60% 10.6 21-Jan-13 21-Jan-16 01-Apr-13 Yearly BRCK AAA 500

DB HDFC14 9.05% 9.05 28-Jan-13 29-Jan-14 29-Jan-14 Yearly ICRA AAA 2500

DB HDFC14 9.34% 9.34 13-Feb-13 16-Apr-14 16-Apr-14 Yearly CRISIL AAA 1500

DB HDFC14A 9.34% 9.34 13-Feb-13 13-May-14 13-May-14 Yearly CRISIL AAA 2500

DB HDFC15 9.45% 9.45 20-Feb-13 20-Feb-15 20-Feb-14 Yearly ICRA AAA 10000



DB HEFC15 10.20% 10.2 03-Oct-12 03-Oct-15 03-Oct-13 Yearly CRISIL AA+ 500

DB IBFS18 10.25% 10.25 16-Jan-13 16-Jan-18 16-Jan-14 Yearly CARE AA+ 400

DB IBFS23 10.20% 10.2 16-Jan-13 16-Jan-23 16-Jan-14 Yearly CARE AA+ 350

DB IBHF14 10.50% 10.5 26-Nov-12 26-May-14 26-Nov-13 Yearly CARE AA+ 500

DB LICH16 9.10% 9.1 29-Jan-13 05-Jan-16 29-Jan-14 Yearly CRISIL AAA 1500

DB LICH18 9.12% 9.115 11-Feb-13 11-Feb-18 11-Sep-14 Yearly CARE AAA 11-Sep-14 2000

DB LICH18 9.16% 9.16 13-Feb-13 13-Feb-18 12-Dec-14 Yearly CARE AAA 12-Dec-14 12-Dec-14 1750

DB MAQF14 9.4089 9.4089 16-Jan-13 15-Apr-14 15-Apr-14 Yearly FICH PP 500

DB PIRE18 RESET 9.66 08-Feb-13 08-Feb-18 08-Feb-14 Yearly ICRA AA 08-Feb-16 08-Feb-16 3500

DB SHF17 9.70% 9.7 24-Jan-13 20-Dec-17 24-Jan-14 Yearly CARE AA+ 70

DB STCI16 9.75% 9.75 08-Feb-13 08-Feb-16 10-Feb-14 Yearly ICRA AA 3000

DB SUNF14 9.30% 9.3 22-Jan-13 22-Jul-14 22-Jan-14 Yearly ICRA AA+ 1000

DB SUNF15A RESET 9.35 28-Jan-13 07-Jan-15 07-Jan-14 Yearly CRISIL AA+ 08-Jul-13 1500

DB SUNF18 9.50% 9.5 28-Jan-13 29-Jan-18 28-Jan-14 Yearly CRISIL AA+ 500

DB SUNF23 9.75% 9.75 31-Jan-13 31-Jan-23 31-Jan-14 Yearly CRISIL AA+ 600

DB TCFS14 9.2827 9.2827 23-Jan-13 30-Apr-14 30-Apr-14 Yearly CRISIL AA+ 125

DB TCFS14 9.4143 9.4143 13-Feb-13 02-Apr-14 02-Apr-14 Yearly CRISIL AA+ 1000

DB TCFS18 9.40% 9.4 22-Jan-13 22-Jan-18 22-Jan-14 Yearly CRISIL AA+ 250



DB TCHF16 9.33% 9.326 05-Feb-13 28-Apr-16 28-Apr-16 Yearly CRISIL AA+ 626

DB TCHF23 9.50% 9.5 18-Jan-13 18-Jan-23 20-Jan-14 Yearly CRISIL AA+ 150

DB TISC19 9.15% 9.15 24-Jan-13 24-Jan-19 24-Jan-14 Yearly CARE AA+ 5000

DB TISC21 9.15% 9.15 24-Jan-13 24-Jan-21 24-Jan-14 Yearly CARE AA+ 5000

DB TMF15 9.85% 9.85 22-Jan-13 22-Jan-15 22-Jan-14 Yearly CRISIL AA- 600

DC CITI15G RESET 0 24-Jan-13 23-Jan-15 ICRA AA+ 157

DC CITI15H RESET 0 29-Jan-13 27-Feb-15 ICRA AA 100

DC CITI15I RESET 0 30-Jan-13 30-Jan-15 ICRAPP-AA+ 161.1

DC CITI15J RESET 0 31-Jan-13 27-Feb-15 ICRAPP-AA+ 50

DC CITI15K RESET 0 08-Feb-13 09-Mar-15 ICRAPP-AA+ 100

DC CITI17B RESET 0 30-Jan-13 30-Mar-17 ICRAPP-AA+ 100

DC CITI17C RESET 0 30-Jan-13 30-Mar-17 ICRAPP-AA+ 38.5

DC HDFC14A 0% 0 11-Feb-13 02-Apr-14 CRISIL AAA 2500

DC IIIS16F RESET 0 22-Jan-13 18-Jul-16 ICRA PP 148.4

DC IIIS16G RESET 0 24-Jan-13 25-Jul-16 ICRA PP 85.2

of 16

Sec


Maturity

Date Next IP Date

Coupon

Freq. Credit Rating

Call

Option

Date

Put Option

Date

Issue

Size (` in

Mn.)

DC IIIS16H RESET 0 29-Jan-13 01-Aug-16 ICRA AA- 267

DC IIIS16I RESET 0 06-Feb-13 08-Aug-16 ICRA AA- 52.7

DC IIIS16J RESET 0 13-Feb-13 18-Aug-16 PP MLD AA- 35

DC MAQF13J RESET 0 21-Feb-12 15-Oct-13 FICH AAA 30

DC MAQF14D RESET 0 20-Jun-12 16-Jun-14 FICH AAA 19.3

DC MAQF14E RESET 0 23-Jan-13 25-Jun-14 FICH PPAAA 21

DC MAQF14F RESET 0 16-Jan-13 12-Jun-14 FICH PP- 21

DC MAQF14G RESET 0 13-Feb-13 15-Jul-14 FICH PP- 30

DC MAQF14H RESET 0 24-Aug-12 21-Feb-14 FICH AAA 51.5

DC MAQF14I RESET 0 25-Jul-12 20-Oct-14 FICH AAA 10

DC MAQF16 RESET 0 17-Oct-12 12-Feb-16 FICH AAA 5

DC MAQF16A RESET 0 17-Oct-12 12-Feb-16 FICH AAA 8.9

DC MARI16 0% 0 22-Feb-13 22-Feb-16 CRISIL AA 20-Feb-15 20-Feb-15 1000

DC SHF14O 0% 0 24-Jan-13 28-Apr-14 CARE AA+ 250

DC SHF14P 0% 0 24-Jan-13 10-Apr-14 CARE AA+ 180

DC SHF14Q 0% 0 24-Jan-13 11-Jun-14 CARE AA+ 770

DC TMF16 0% 0 05-Feb-13 28-Apr-16 CRISIL AA- 848

DP CHOIN RESET 12.8 07-Feb-13 07-Feb-23 07-Feb-14 Yearly ICRA AA- 07-Feb-23 300

ID EXIM23 8.76% 8.76 14-Feb-13 14-Feb-23 14-Feb-14 Yearly ICRA AAA 1510

ID IDFC14 8.75% 8.746 23-Jan-13 23-Apr-14 23-Jan-14 Yearly ICRA AAA 400

ID IDFC16A 9.15% 9.15 21-Feb-13 19-Feb-16 21-Feb-14 Yearly ICRA AAA 5000

ID IDFC17 9.05% 9.05 08-Feb-13 08-Feb-17 08-Feb-14 Yearly ICRA AAA 1000

ID IDFC18 9% 9 24-Jan-13 24-Jan-18 24-Jan-14 Yearly ICRA AAA 2430

ID KSFC25 9.08% 9.08 04-Feb-13 04-Feb-25 30-Jun-13 Half-yearly CRISIL AA- 04-Feb-20 2000

ID NBRD16 8.65% 8.65 28-Jan-13 28-Jan-16 29-Jan-14 Yearly CRISIL AAA 29-Jan-14 29-Jan-14 2000

ID NBRD18 8.72% 8.72 18-Feb-13 19-Feb-18 19-May-14 Yearly CRISIL AAA 2000

ID NBRD18 8.79% 8.79 18-Feb-13 19-Feb-18 18-Feb-14 Yearly CRISIL AAA 5000

IF NHB23 6.87% 6.87 06-Feb-13 06-Feb-23 06-Feb-14 Yearly CARE AAA 1250

IZ IDFC14N 0% 0 23-Jan-13 23-May-14 FICH AAA 1500

IZ IDFC14O 0% 0 23-Jan-13 30-Apr-14 FICH AAA 140

IZ IDFC14P 0% 0 23-Jan-13 15-Jul-14 ICRA AAA 250

IZ IDFC14Q 0% 0 23-Jan-13 12-Jun-14 ICRA AAA 340

IZ IDFC14R 0% 0 23-Jan-13 11-Jun-14 ICRA AAA 1610

IZ IDFC14S 0% 0 11-Feb-13 02-Apr-14 ICRA AAA 1650

PI RECL22 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-22 Yearly CRISIL AAA 324.2

PI RECL22A 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-14 Yearly CRISIL AAA 144.6

PI RECL22B 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-22 Yearly CRISIL AAA 32.2

PI RECL22C 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-14 Yearly CRISIL AAA 7.8

PI RECL27 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-27 Yearly CRISIL AAA 78.7

PI RECL27A 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-14 Yearly CRISIL AAA 30.9

PI RECL27B 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-27 Yearly CRISIL AAA 17.7

PI RECL27C 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-14 Yearly CRISIL AAA 8

PT CPCL18 8.85% 8.85 18-Feb-13 18-Feb-18 18-Feb-14 Yearly CRISIL AAA 18-Feb-16 18-Feb-16 10000

PT NHPC15 8.70% 8.7 11-Feb-13 11-Feb-15 11-Feb-14 Yearly FICH AAA 68.5




PT NHPC17 8.85% 8.85 11-Feb-13 11-Feb-17 11-Feb-14 Yearly ICRA AAA 318.4




PT NHPC19 8.78% 8.78 11-Feb-13 11-Feb-19 11-Feb-14 Yearly ICRA AAA 892


















PT NHPC25 8.78% 8.78 11-Feb-13 11-Feb-25 11-Feb-14 Yearly FICH AAA 892








PT PFC17 8.72% 8.72 08-Feb-13 08-Feb-17 08-Feb-14 Yearly CRISIL AAA 3240


PT PFC18 8.77% 8.77 20-Feb-13 20-Feb-18 20-Feb-14 Yearly ICRA AAA 20


PT PFC20 8.82% 8.82 20-Feb-13 20-Feb-20 20-Feb-14 Yearly ICRA AAA 7330

PT RECL18 8.70% 8.7 01-Feb-13 01-Feb-18 01-Feb-14 Yearly CRISIL AAA 15000

of 16

Sec


Maturity

Date Next IP Date

Coupon

Freq. Credit Rating

Call

Option

Date

Put Option

Date

Issue

Size (` in

Mn.)

PU RECL22 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-22 Yearly CRISIL AAA 324.2

PU RECL22A 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-14 Yearly CRISIL AAA 144.6

PU RECL22B 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-22 Yearly CRISIL AAA 32.2

PU RECL22C 8.95% 8.95 15-Feb-12 15-Feb-22 15-Feb-14 Yearly CRISIL AAA 7.8

PU RECL27 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-27 Yearly CRISIL AAA 78.7

PU RECL27A 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-14 Yearly CRISIL AAA 30.9

PU RECL27B 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-27 Yearly CRISIL AAA 17.7

PU RECL27C 9.15% 9.15 15-Feb-12 15-Feb-27 15-Feb-14 Yearly CRISIL AAA 8

SG AP23 8.72% 8.72 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 25000

SG AP23A 8.59% 8.59 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 5000

SG BIH23 8.69% 8.69 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 5000

SG GUJ23 8.68% 8.68 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 10000

SG HARY23 8.62% 8.62 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 7700

SG HARY23 8.66% 8.66 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 5700

SG JHAR23 8.66% 8.66 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 10000

SG KRN23 8.62% 8.62 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 10000

SG MAH23 8.62% 8.62 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 18750

SG MAH23 8.67% 8.67 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 15000

SG MP23 8.64% 8.64 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 10000

SG PUN23 8.71% 8.71 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 5000

SG TN23 8.62% 8.62 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 10000

SG UTK23 8.67% 8.67 06-Feb-13 06-Feb-23 06-Aug-13 Half-yearly 11000

SG WB23 8.60% 8.6 20-Feb-13 20-Feb-23 20-Aug-13 Half-yearly 5000

TB 182D 150813 0 14-Feb-13 15-Aug-13 50006

TB 182D 290813 0 28-Feb-13 29-Aug-13 41924.5

TB 364D 60214 0 07-Feb-13 06-Feb-14 50000

TB 364D 200214 0 21-Feb-13 20-Feb-14 50012.5

TB 91D 90513 0 07-Feb-13 09-May-13 110634.7

TB 91D 160513 0 14-Feb-13 16-May-13 55036.8

TB 91D 230513 0 21-Feb-13 23-May-13 62273.3

TB 91D 300513 0 28-Feb-13 30-May-13 84327.8

Total: 817137.2

WDM Trade Statistics: Business Growth on WDM Segment

Period Net traded value

(` Mn.)

Average daily

value (` Mn.)

Number of

trades

Average trade

size (` Mn.)

1994-95 67811.50 304.10 1021 66.40

1995-96 118676.80 407.80 2991 39.70

1996-97 422775.90 1,452.80 7804 54.20

1997-98 1112632.80 3,849.90 16821 66.10

1998-99 1054691.30 3,649.50 16092 65.50

1999-00 3042162.40 10347.5 46987 64.70

2000-01 4285815.10 14829.8 64470 66.50

2001-02 9471912.30 32774.8 144851 65.40

2002-03 10687015.40 35983.22 167778 63.70

2003-04 13160962.40 44765.18 189518 69.44

2004-05 8872936.60 30283.06

124308 71.38

2005-06 4755234.80 17546.99 61891 76.83

2006-07 2191064.70 8979.80 19575 111.90

2007-08 2823170.20 11383.75 16179 174.50

2008-09 3359515.20 14115.60 16129 208.30

2009-10 5638159.30 23590.60 24069 234.20

2010-11 5594467.50 22558.30 20383 274.50

2011-12 6331785.90

26,492.83

23447 270.05

Apr-12 477433.30 26524.10 17000 280.80

May-12 509407.90 23154.90 20780 245.10

Jun-12 723,476.30 34,451.30 2,576 280.90

Jul-12 661,871.80 30,085.08 2416 273.95

Aug-12 486,255.08 23,155.00 1930 251.95

Sep-12 713,266.10 37,540.30 2648 269.36

Oct-12 669,855.70 33,492.79 2376 281.93

Nov-12 513,610.90 27032.15 1721 298.44

Dec-12 719,802.60 35990.13 2208 326.00

Jan-13 103,4257.40 47011.70 3584 288.58

Feb-13 651538.90 34291.50 1819 358.19

of 16

Graph-2: Monthly traded values on the WDM segment for last 6 months

Instrument wise Active Security of the month

Government securities continued to be market favorites compared to the Non-Government securities. The

most active security in each of these categories is presented below:

Active securities instrument wise Instrument Most active security Value

(` mn)*

No. of

trades

Total Traded Value

(` mn)

% to Total Traded

Value

Central Government GS CG2022A 8.15% 101966.00 189 393184.65 25.93

Treasury Bills TB 364D 230114 10831.30 7 101026.68 10.72

State Government SG AP23 8.72% 1650.00 11 10361.99 15.92

PSU’s PT PFC18 8.75% 7500.00 7 69990 10.72

Bank Bonds BB OBC22 8.93% 2700.00 16 5418 49.83

Corporate Debentures DB RBXY15 9.20% 5750.00 11 43953.6 13.08

Institutional Bonds ID NBRD15A 9.38% 2500.00 11 27604 9.06

Supranational Bonds - - - - -

Municipal corporate bonds - - - - -

* Excluding repo trades

Security wise Traded Value (` in Mn) Securities Feb 2013 Jan 2013 2012-2013* 2011-12 Central Govt Securities 393184.65

599544.6

0

3610677.70

3204617.45

State Govt Securities 10361.99

18658.94

146,333.70

44055.16

Treasury Bills 101026.68

157572.3

5

1,618,951.52

1395187.14

PSU Bonds 69990.00

102929.0

0

665,594.90

620673.15

Institutional Bonds 27604.00

50370.00

511,799.20

578357.20

Bank Bonds 5418.00

12300.00

20,681.00

6330.00

Corporates 43953.60

92882.50

586,737.80

482565.6

Others - - - -

Total 651538.92 1034257.

39

7,160,775.82 6,331,785.70 * indicates data available till Feb 2013

Security wise Traded Value:

Government securities share in the total market activity in the secondary market increased to 61.94% compared to 59.77% in the

previous month. The share of the Treasury Bills in Feb, 2013 increased to 15.51 % from 15.24 % in Jan2013. Institutional

Bonds, Public Sector Bonds and Corporate Bonds formed 4.24%, 10.74% and 7.58% of the total share of the market activity

respectively. The breakup of various types of securities, in the traded value for the month of Feb 2013 is given in Graph-3

below:

23000

28000

33000

38000

43000

48000

200000

310000

420000

530000

640000

750000

860000

970000

1080000

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Av

g D

aily

Va

lue(R

s.Mn

)N

et T

rad

ed V

alu

e(`

.Mn

.)

Month

of 16

Graph-3: Security-wise trade details for Feb 2013

Share of Top ‘N’ in Traded Value

Securities Month & Year In %

Top 5 Top 10 Top 25 Top 50 Top 100

Apr -05 to Mar-06 47.42 59.78 72.02 81.04 89.36

Apr -06 to Mar-07 40.90 51.29 65.82 77.15 86.93

Apr -07 to Mar-08 39.65 53.31 68.35 79.64 89.55

Apr-08 to Mar-09 31.31 43.05 60.42 72.45 83.87

Apr-09 to Mar-10 24.19 35.14 53.05 65.63 77.89

Apr-10 to Mar-11 26.65 38.63 51.69 61.49 74.22

Apr-11 to Mar-12 36.35

44.22

52.63

61.54

72.09

April-12 41.53

51.11

68.97

81.71

93.24

May-12 44.79

53.33

67.15

79.62

90.89

June-12 44.98

54.34

68.38

78.69

89.26

July-12 36.85

48.93

65.23

77.67

88.80

Aug-12 30.35

39.58

57.54

71.59

85.49

Sep-12 42.68 50.02 63.64 76.20 88.31

Oct-12 36.63

45.98

61.80

73.17

84.75

Nov-12 34.61

45.55

63.03

77.99

89.15

Dec-12 44.09

53.10

66.07

77.75

87.62

Jan-13 46.71

55.95

68.55

77.51

87.20

Feb-13 46.51

54.02

67.15

80.32

91.83

Trading Members Month & Year In %

Top 5 Top 10 Top 25 Top 50 Top 100

Apr -05 to Mar-06 39.68 60.63 89.38 100.00 -

Apr -06 to Mar-07 57.75 78.01 96.42 100.00 -

Apr -07 to Mar-08 65.32 80.24 97.60 100.00 -

Apr-08 to Mar-09 69.92 82.89 98.38 100.00 -

Apr-09 to Mar-10 73.72 85.28 97.98 100.00 -

Apr-10 to Mar-11 73.58 86.08 98.72 100.00 -

Apr-11-Mar-12 77.50 89.14 99.41 100.00 -

Apr-12 82.15 93.36 100.00 - -

May-12 78.55 89.49 99.92 100.00 -

June-12 81.58 91.65 99.87 100.00 -

July-12 83.43 91.50 99.87 100.00 -

Aug-12 83.48 92.24 99.99 100.00 -

Sep-12 84.51 92.61 99.99 100.00 -

Oct-12 80.69 92.39 99.82 100.00 -

Nov-12 85.20 92.88 99.97 100.00 -

Dec-12 83.03 91.26 99.96 100.00 -

Jan-13 81.93 91.73 99.91 100.00 -

Feb-13 81.45 92.04 99.95 100.00 -

Govt Securities

61.94%

Treasury Bills

15.51%

Institutional Bonds

4.24%

Corporates & Bank Bond

7.57%

PSU Bonds

10.74%

WDM Security Trades for Febuary 2013

Govt Securities Treasury Bills Institutional Bonds Corporates & Bank Bond PSU Bonds

of 16

Trading activities in Government Securities & T-Bill

Month

Net traded

value (` Mn.)

Average daily

value (` Mn)

Number of

trades

Average trade

size (`Mn.)

2010-11 4035491.65 16272.14 12385 325.84

2011-12 4643859.95 19430.38 14999 309.61

Apr-12 385879.62 21437.76 1303 296.15

May-12 398577.98 18117.18 1580 252.26

June-12 573064.88 27288.80 1828 313.49

July-12 506007.27 23000.33 1423 355.59

Aug-12 335197.28 15961.78 895 374.52

Sep-12 510160.08 26850.53 1356 376.22

Oct-12 454431.65 22721.58 1304 348.49

Nov-12 365643.35 19244.39 973 375.79

Dec-12 566651.50 28332.58 1267 447.24

Jan-13 775775.89 35262.54 1892 410.03

Feb-13 504573.32

26556.49

1160

434.98

Graph 4: Monthly traded values of Government Securities on the WDM segment for last 6 months.

Market Volume (Non Repo transactions) Particulars NSE (` Mn) NDS (Reporting system) (` Mn) NSE Share (%)

Feb-13 Jan-13 Dec-12 Feb-13 Jan-13 Dec-12 Feb-13 Jan-13 Dec-12

Govt. Securities 403546.64 618203.54 402516.05 857931.92 1307202.07 674776.28 47.04 47.29 59.65

T-Bills 101026.68 157572.35 164135.45 167667.40 320353.63 287832.78 60.25 49.19 57.02

Total 504573.32 775775.89 566651.50 1025599.32 1627555.70 962609.06 49.20 47.67 58.87

Top 5 Securities for the month

Central Government Securities:

Security Description NSE Symbol

Traded

Value*

(` mn) High

Price

Low

Price

Yield

High

(%)

Yield Low

(%) VWAP

VWA

Yield

(%)

GOI LOAN 8.15% 2022 GS CG2022A 8.15% 101966.00 102.3700 101.3600 7.94 7.78 101.9689 7.85

GOI LOAN 8.20% 2025 GS CG2025 8.20% 75850.00 102.7050 101.3500 8.03 7.86 101.9833 7.95

GOI LOAN 8.33% 2026 GS CG2026 8.33% 70850.00 103.8000 102.4000 8.03 7.86 103.2678 7.93

GOI LOAN 8.07% 2017 GS CG2017A 8.07% 37860.00 101.7400 100.5850 7.91 7.59 100.8199 7.84

GOI LOAN 9.15% 2024 GS CG2024 9.15% 16536.00 108.6400 107.9500 8.09 8.00 108.3097 8.04

TOTAL 303062.00


12000

18000

24000

30000

36000

0

160000

320000

480000

640000

800000


Avg

. Da

ily T

ra

de V

alu

e(`

Mn

.)

Net

Tra

ded

Va

lue (`

in M

n.)

Month

of 16

Graph 5: Top 5 Central Government Securities

State Government Securities:


Traded

Value*

(` mn)

High

Price

Low

Price

Yield

High

(in % )

Yield

Low

(in % ) VWAP

VWA

Yield

(in % )

SDL ANDHRA PRADESH 8.72% 2023 SG AP23 8.72% 1650.00 100.6000 100.0700 8.71 8.63 100.3097 8.67

SDL WEST BENGAL 8.90% 2022 SG WB22 8.90% 900.00 101.7567 101.3000 8.70 8.63 101.6101 8.65

SDL BIHAR 8.97% 2022 SG BIH22 8.97% 600.00 102.1847 102.1847 8.63 8.63 102.1847 8.63

SDL BIHAR 8.99% 2022 SG BIH22A 8.99% 500.00 102.2328 102.2328 8.65 8.65 102.2328 8.65

SDL MAHARASHTRA 8.63% 2023 SG MAH23 8.63% 491.90 100.4900 100.3786 8.57 8.55 100.4301 8.56

TOTAL 4141.90


Graph 6: Top 5 State Government Securities

Treasury Bills:


Traded Value*

(` mn) High

Price

Low

Price

Yield High

(in % )

Yield Low

(in % ) VWAP

VWA Yield

(in % )

GOI T BILL 364D-23/01/2014 TB 364D 230114 10831.30 93.3682 92.9830 7.88 7.80 93.0871 7.84

GOI T BILL 182D-15/03/2013 TB 182D 150313 7520.00 99.6288 99.1635 8.00 7.89 99.4367 7.96

GOI T BILL 364D-15/11/2013 TB 364D 151113 6850.00 94.5109 94.2668 7.93 7.90 94.3412 7.91

GOI T BILL 182D-06/06/2013 TB 182D 060613 4650.00 97.7477 97.7378 8.01 7.97 97.7389 7.97

GOI T BILL 364D-12/07/2013 TB 364D 120713 4400.00 96.7349 96.6731 8.00 7.95 96.7209 7.99

TOTAL 34251.30 * Excluding repo trades

Graph 7: Top 5 Treasury Bills

0.00 15000.00 30000.00 45000.00 60000.00 75000.00 90000.00 105000.00

GS CG2022A 8.15%

GS CG2025 8.20%

GS CG2026 8.33%

GS CG2017A 8.07%

GS CG2024 9.15%Trade Value (` mn.)

0.00 250.00 500.00 750.00 1000.00 1250.00 1500.00 1750.00

SG AP23 8.72%

SG WB22 8.90%

SG BIH22 8.97%

SG BIH22A 8.99%

SG MAH23 8.63%Trade Value (` mn.)

0.00 2000.00 4000.00 6000.00 8000.00 10000.00 12000.00

TB 364D 230114

TB 182D 150313

TB 364D 151113

TB 182D 060613

TB 364D 120713Trade Value (` mn.)

of 16

Most Active Security in a Maturity Basket


Maturity NSE Symbol

Traded Value

(` Mn)*

No. of

trades High Price Low Price

Yield

High

(in %)

Yield

Low

(in %) VWAP

VWA

Yield

(in %)

0-1 yr GS CG2013 7.27% 1000.00 1 99.6424 99.6424 7.92 7.92 99.6424 7.92

1-2 yr GS CG2014 6.07% 1500.00 1 97.9200 97.9200 7.80 7.80 97.9200 7.80

2-3 yr GS CG2015 7.17% 2500.00 3 98.9400 98.8000 7.73 7.67 98.8760 7.70

3-4 yr GS CG2017 8.07% 5250.00 13 100.7780 100.3574 7.96 7.83 100.5302 7.91

4-5 yr GS CG2017A 8.07% 37860.00 49 101.7400 100.5850 7.91 7.59 100.8199 7.84

5-6 yr GS CG2018 7.83% 11990.00 18 99.8000 99.3100 7.99 7.87 99.6385 7.91

6-7 yr GS CG2020 8.19% 8869.00 28 101.5900 100.9300 8.01 7.88 101.2913 7.94

7-8 yr GS CG2020 8.12% 4500.00 15 101.7700 101.3200 7.89 7.81 101.5548 7.85

8-9 yr GS CG2021 8.79% 5812.00 16 105.2000 104.4600 8.07 7.95 105.0152 7.98

9-10 yr GS CG2022A 8.15% 101966.00 189 102.3700 101.3600 7.94 7.78 101.9689 7.85

10-11 yr GS CG2023 8.20% 250.00 2 101.1150 100.5200 8.12 8.04 100.8770 8.07

11-12yr GS CG2024 9.15% 16536.00 57 108.6400 107.9500 8.09 8.00 108.3097 8.04

12-13yr GS CG2025 8.20% 75850.00 191 102.7050 101.3500 8.03 7.86 101.9833 7.95

13-14yr GS CG2026 8.33% 70850.00 168 103.8000 102.4000 8.03 7.86 103.2678 7.93

14-15 yr GS CG2027 8.26% 300.00 2 102.3500 102.0000 8.02 7.98 102.0583 8.02

15 yrs & above GS CG2030 8.97% 8635.00 41 108.9700 107.8000 8.13 8.01 108.5766 8.05


Treasury Bills:

Maturity NSE Symbol

Traded Value

(` Mn)*

No. of

trades

High

Price

Low

Price

Yield High

(in %)

Yield Low

(in %) VWAP

VWA Yield

(in %)

0-30 days TB 182D 010313 3970.00 5 99.9343 99.4611 8.20 7.89 99.7118 8.03

30-60 days TB 182D 150313 7520.00 4 99.6288 99.1635 8.00 7.89 99.4367 7.96

60-90 days TB 91D 110413 1750.00 2 98.8717 98.8717 8.01 8.01 98.8717 8.01

90-120 days TB 91D 090513 4250.00 3 98.4213 98.0493 8.02 7.97 98.2732 8.00

120-180 days TB 182D 060613 4650.00 3 97.7477 97.7378 8.01 7.97 97.7389 7.97

180-240 days TB 364D 230813 2650.00 3 96.2972 96.0213 8.02 7.96 96.1237 7.98

240-300 days TB 364D 151113 6850.00 5 94.5109 94.2668 7.93 7.90 94.3412 7.91

>300 days TB 364D 230114 10831.30 7 93.3682 92.983 7.88 7.80 93.0871 7.84


Total Active Securities in a Maturity Basket


Maturity Traded Value

(` Mn)* No. of trades No of Securities

Yield High

(in %)

Yield Low

(in %)

0-1 yr 1000.00 1 1 7.92 7.92

1-2 yr 1650.00 3 3 7.83 7.80

2-3 yr 2500.00 3 1 7.73 7.67

3-4 yr 13162.75 26 3 7.96 7.75

4-5 yr 39860.00 51 3 7.91 7.59

5-6 yr 16710.00 34 3 7.99 7.87

6-7 yr 9719.00 32 3 8.01 7.88

7-8 yr 5000.00 17 2 9.12 7.81

8-9 yr 6787.00 23 4 8.07 7.95

9-10 yr 102976.00 198 4 8.02 7.78

10-11 yr 250.00 2 1 8.12 8.04

11-12yr 16636.00 59 2 8.09 8.00

12-13yr 75850.00 191 1 8.03 7.86

13-14yr 70850.00 168 1 8.03 7.86

14-15 yr 600.00 5 3 8.02 7.98

15 yr & above 29633.90 170 8 8.15 7.99

Total 393184.65 983 43


of 16

Treasury Bills:

Maturity Traded Value (` Mn)* No. of trades No of Securities Yield High (in %) Yield Low(in %)

0-30 days 10840.00 15 4 8.20 7.89

30-60 days 15270.00 18 5 8.03 7.89

60-90 days 2500.00 3 2 8.12 8.01

90-120 days 15021.08 14 8 8.15 7.95

120-180

days 13450.00 11 6 8.04 7.95

180-240

days 6225.00 9 4 8.02 7.92

240-300

days 10450.00 8 2 7.93 7.90

>300 days 27270.60 29 6 8.00 7.80

Total 101026.68 107 37


NSE ZCYC Parameters

01-Feb-13 04-Feb-13 05-Feb-13 06-Feb-13 07-Feb-13 08-Feb-13 11-Feb-13 12-Feb-13 13-Feb-13

beta 0 8.4278 8.3475 8.6290 8.8248 8.3401 8.5844 8.4458 8.3700 8.3916

beta 1 -0.6959 -0.3392 -0.5980 -0.9862 -0.4791 -0.7454 -0.6694 -0.4446 -0.5554

beta 2 -0.3294 -0.9302 -1.1412 -0.3137 -0.7777 -0.7294 -0.0550 -1.0515 -0.7114

tau 5.1506 2.9982 5.5931 15.5000 3.1888 7.4813 12.3454 3.0259 5.0709

14-Feb-13 15-Feb-13 18-Feb-13 20-Feb-13 21-Feb-13 22-Feb-13 25-Feb-13 26-Feb-13 27-Feb-13

beta 0 8.2293 7.5892 8.4845 8.9557 7.6765 8.4354 8.4186 8.3165 8.3003

beta 1 -0.5066 -0.0287 -0.5094 -1.0943 -0.0394 -0.5845 -0.5075 -0.4305 -0.5162

beta 2 -0.0086 1.7684 -1.0844 -1.1864 1.4355 -0.7185 -0.7797 -0.7810 -0.6089

tau 6.3804 14.3853 5.5347 15.5000 15.4830 6.6847 6.8589 4.1353 3.7964

28-Feb-13

beta 0 8.2927

beta 1 -0.6304

beta 2 0.0220

tau 7.2209

Graph 8: ZCYC Yield Curve for February, 2013

7.40

8.19

7.67

8.09

7.30

7.50

7.70

7.90

8.10

8.30

8.50

Sp

ot

inte

rest

ra

tes

Maturity (years)

Plot of the Estimated ZCYC

31-Jan-13 28-Feb-13

of 16

Non-Government Securities trading activities:

Total Volume in Corporate bonds increased to ` 146965.60 Mn. in February 2013 as compared to `258481.50 Mn. in

January2013. The average daily traded value reported through corporate bond for February, 2013 was `7735.03 Mn.as compared to

`11749.16 Mn.in January, 2013

Period Net traded value

(` Mn.)

Average daily

value (` Mn.)

Number of

trades

Average trade

size (` Mn.)

2010-11 1558975.82 6286.19 7998 194.92

2011-12 1687925.99 7062.45 8448 199.80

Apr-12 91553.64 5086.31 397 230.61

May-12 110829.90 5037.72 498 222.55

Jun-12 150411.40 7162.45 748 201.08

Jul-12 155864.50 7084.75 993 156.96

Aug-12 151057.80 7193.23 1035 145.95

Sep-12 203106.00 10689.79 1292 157.20

Oct-12 215424.00 10771.20 1072 200.96

Nov-12 147967.50 7787.76 748 197.82

Dec-12 153151.10 7657.56 941 162.75

Jan-13 258481.50 11749.16 1692 152.77

Feb-13 146965.60 7735.03 659 223.01 *Contains trades reported on WDM segment of Exchange.

Graph-9: Monthly traded values of Corporate Bonds on the WDM segment for last 6 months.

Top 5 Securities for the month

Non-Government Securities:


Traded

Value*

(`mn) High

Price

Low

Price

Yield

High

(in % )

Yield

Low

(in % ) VWAP

VWA

Yield

(in % ) POWER FIN 8.75% 2018 S-97 PT PFC18 8.75% 7500.00 99.7991 99.5269 8.69 8.63 99.5994 8.67

RECL 8.84% 2014 SR 110 PT RECL14 8.84% 6500.00 99.9034 99.6051 9.05 8.85 99.8101 8.91

POWER FIN 9.52% 2017(S-89-A) PT PFC17 9.52% 6050.00 100.7005 100.4838 9.12 9.06 100.5351 9.10

RECL 9.40% 2017 (S-108 OPT-I) PT RECL17 9.40% 5850.00 102.2162 101.7109 8.88 8.74 102.0360 8.79

RANBAXYLABORTRIES 9.20% 2015 DB RBXY15 9.20% 5750.00 100.2634 100.0469 9.15 9.06 100.1849 9.09

TOTAL 31650.00

Graph-10: Top 5 Non-Government Securities

3000

6000

9000

12000

10000

40000

70000

100000

130000

160000

190000

220000

250000

280000


Av

g D

aily

Va

lue(R

s.Mn

.)Net

Tra

ded

Va

lue(

`.M

n.)

Month

0 2000 4000 6000 8000

PT PFC18 8.75%

PT RECL14 8.84%

PT PFC17 9.52%

PT RECL17 9.40%

DB RBXY15 9.20% Trade Value (` mn.)

of 16

Most Active Security in a Maturity Basket

Non-Government Securities:

Maturity NSE Symbol

Traded Value

(` Mn)

No. of

trades High Price Low Price

Yield High

(in %)

Yield Low

(in %) VWAP

VWA Yield

(in %)

0-1 yr DB HDFC13B 9.50% 3300.00 3 99.7937 99.7937 9.68 9.68 99.7937 9.68

1-2 yr PT RECL14 8.84% 6500.00 17 99.9034 99.6051 9.05 8.85 99.8101 8.91

2-3 yr DB RBXY15 9.20% 5750.00 11 100.2634 100.0469 9.15 9.06 100.1849 9.09

3-4 yr PT AAI16 8.97% 4500.00 3 99.9035 99.9035 9.00 9.00 99.9035 9.00

4-5 yr PT PFC18 8.75% 7500.00 7 99.7991 99.5269 8.69 8.63 99.5994 8.67

5-6 yr PT RECL18 8.70% 3450.00 18 99.7412 99.3013 8.87 8.76 99.5464 8.81

6-7 yr DB EPD19 RESET 1350.00 1 166.6667 166.6667 4.37 4.37 166.6667 4.37

7-8 yr PT RECL20 8.80% 200.00 2 99.6537 99.6537 8.84 8.84 99.6537 8.84

8-9 yr PT PGC21 8.85% 200.00 4 100.1816 99.9485 8.84 8.80 100.0937 8.82

9-10 yr PT RECL22A 9.02% 3800.00 44 101.5283 100.6509 8.90 8.77 101.3195 8.80

10-11 yr PT IRFC23 10.70% 250.00 1 114.2578 114.2578 8.62 8.62 114.2578 8.62

11-12yr - - - - - - - - -

12-13yr - - - - - - - - -

13-14yr PT PGC26 9.35% 20.00 1 103.8685 103.8685 8.83 8.83 103.8685 8.83

14-15 yr PT PGC27 9.25% 50.00 1 103.2730 103.2730 8.83 8.83 103.2730 8.83

above 15 yr - - - - - - - - -

Important rates:-

Date 01-Feb-2013 28-Feb-2013

Overnight MIBOR (%) 7.85 7.90

Dollar ($)* 53.32 53.77

Euro (€)* 72.63 70.68 (*Source:RBI)

Date 01-Feb-2013 28-Feb-2013

Bank Rate 8.75% 8.75%

Reverse Repo Rate 6.75% 6.75%

Repo Rate 7.75% 7.75%

CRR 4.25% 4.00%

SLR 23.00% 23.00%

FIMMDA-NSE MIBID MIBOR :

Date

OVERNIGHT 3 DAY 14 DAY 1 MONTH 3 MONTH

MIBID MIBOR MIBID MIBOR MIBID MIBOR MIBID MIBOR MIBID MIBOR

01-Feb-13 7.80 7.85 7.80 7.85 8.07 8.23 8.21 8.37 8.63 8.84

04-Feb-13 7.79 7.85 - -

8.16 8.27 8.28 8.41 8.73 8.92

05-Feb-13 7.75 7.81 - -

8.14 8.22 8.26 8.32 8.8 8.96

06-Feb-13 7.75 7.81 - -

8.07 8.22 8.21 8.37 8.62 8.86

07-Feb-13 7.81 7.87 - -

8.06 8.18 8.19 8.32 8.66 8.80

08-Feb-13 7.78 7.82 7.80 7.85 8.05 8.20 8.20 8.34 8.76 8.96

11-Feb-13 7.80 7.85 - -

8.04 8.17 8.16 8.31 8.6 8.73

12-Feb-13 7.82 7.88 - -

8.08 8.21 8.32 8.44 8.84 9.00

13-Feb-13 7.82 7.87 - -

8.08 8.20 8.28 8.40 8.94 9.14

14-Feb-13 7.81 7.86 - -

8.09 8.21 8.29 8.42 8.93 9.12

15-Feb-13 7.81 7.86 7.82 7.87 8.01 8.19 8.21 8.41 8.88 9.06

18-Feb-13 7.87 7.92 - -

8.01 8.17 8.23 8.40 8.88 9.10

20-Feb-13 7.88 7.95 - -

8.02 8.14 8.24 8.40 8.86 9.03

21-Feb-13 7.86 7.93 - -

8.18 8.31 8.35 8.49 8.84 8.99

22-Feb-13 7.89 7.93 7.89 7.95 8.16 8.25 8.32 8.44 8.88 9.08

25-Feb-13 7.87 7.92 - -

8.05 8.21 8.21 8.37 8.97 9.14

26-Feb-13 7.86 7.90 - -

8.09 8.25 8.48 8.66 9.26 9.48

27-Feb-13 7.85 7.90 - -

8.16 8.28 8.50 8.67 9.34 9.62

28-Feb-13 7.85 7.90 - -

8.16 8.27 8.61 8.74 9.39 9.63

* 3-Day MIBID-MIBOR is calculated and disseminated on last working day of the week.

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Graph 11: Overnight MIBID-MIBOR

Graph 12: 3Day MIBID- MIBOR.

Graph 13: 14- Day MIBID-MIBOR

Graph 14: 1 Month- MIBID-MIBOR

7.65

7.85

8.05Overnight MIBID MIBOR

MIBID MIBOR

7.75

7.90

8.053 DAY MIBID MIBOR

MIBID MIBOR

7.95

8.15

8.3514 DAY MIBID MIBOR

MIBID MIBOR

8.00

8.20

8.40

8.60

8.801 MONTH MIBID MIBOR

MIBID MIBOR

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Graph 15: 3 Month- MIBID-MIBOR

Note: Information given in this document can be reproduced giving a clear acknowledgement to National Stock

Exchange of India as source of information.

Published by:

Wholesale Debt Market

National Stock Exchange of India Ltd.

‘Exchange Plaza’, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051.

Tel: 91 22 26598100-14 Fax: 91 22 26598288

E-mail: [email protected], Website: http://www.nseindia.com

8.45

8.65

8.85

9.05

9.25

9.45

9.65

9.853 MONTH MIBID MIBOR

MIBID MIBOR

mailto:[email protected]

http://www.nseindia.com/

Debt Up Feb 2013

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