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Date : Nov 26, 2020
Underwriting Auction for sale of Government Securities for ₹ 28,000 cr on November 27, 2020

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on November 27, 2020.

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
3.96% GS 2022 2,000 48 48
5.15% GS 2025 11,000 262 262
New GS 2030 8,000 191 191
6.80% GS 2060 7,000 167 167

The underwriting auction will be conducted through multiple price-based method on November 27, 2020 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9.00 A.M. and 9.30 A.M. 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
Director   

Press Release : 2020-2021/688


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