BANKER AND DEBT MANAGER TO GOVERNMENT

Managing the government's banking transactions is a key RBI role. Like individuals, businesses and banks, governments need a banker to carry out their financial transactions in an efficient and effective manner, including the raising of resources from the public.


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Date : Jun 23, 2022
Underwriting Auction for sale of Government Securities for ₹33,000 crore on June 24, 2022

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on June 24, 2022

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
New GS 2024 4,000 96 96
7.10% GS 2029 7,000 167 167
6.54% GS 2032 13,000 310 310
6.95% GS 2061 9,000 215 215

The underwriting auction will be conducted through multiple price-based method on June 24, 2022 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 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.

Rupambara           
Director (Communications)

Press Release: 2022-2023/411


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