Press Releases

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Date : Dec 05, 2018
Underwriting Auction for sale of Government Securities for ₹ 12,000 crore on December 06, 2018

The Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on December 07, 2018.

As per revised 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:

(₹ in crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
8.24% GS 2027 3,000 72 72
7.17% GS 2028 4,000 96 96
7.50% GS 2034 2,000 48 48
7.72% GS 2055 3,000 72 72

The underwriting auction will be conducted through multiple price based method on December 06, 2018 (Thursday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 noon on the date of underwriting auction.

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

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1306


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