RBI - Reserve Bank of India

12/07/2023 | Press release | Distributed by Public on 12/06/2023 23:58

Underwriting Auction for sale of Government Securities for ₹39,000 crore on December 08, 2023

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on December 08, 2023.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
7.32% GS 2030 12,000 286 286
7.18% GS 2037 10,000 239 239
7.25% GS 2063 12,000 286 286
New GOI SGrB 2033 5,000 120 120

The underwriting auction will be conducted through multiple price-based method on December 08, 2023 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 10.30 A.M. and 11.00 A.M. on the day of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

Ajit Prasad
Director (Communications)

Press Release: 2023-2024/1424