The Government of India have announced the sale (a new / re-issue) of (i)’a new 8 – Year Government Stock 2020’ for a notified amount of `4,000 crore (nominal); (ii)’8.20 per cent Government Stock 2025’ for a notified amount of `6,000 crore (nominal); and (iii)’8.83 per cent Government Stock 2041’ for a notified amount of `2,000 crore (nominal) through auctions to be held on December 07, 2012.
As per revised scheme of underwriting, dated November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, per Primary Dealer, are as under:
Nomenclature of the Security |
Notified Amount |
MUC amount per Primary Dealer |
Minimum bidding commitment per PD under ACU auction |
A new 8-Year GS 2020 |
4000 |
96 |
96 |
8.20 per cent GS 2025 |
6000 |
143 |
143 |
8.83 per cent GS 2041 |
2000 |
48 |
48 |
The underwriting auctions will be conducted using multiple price based auction method on December 06, 2012. Primary Dealers (PDs) may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 noon on the date of auction.
The underwriting commission will be credited to the current account of the respective PDs at the RBI, Fort, Mumbai on the date of issue of securities.
Ajit Prasad
Assistant General Manager
Press Release : 2012-2013/935
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