Underwriting Auction for sale of Government Securities for ₹22,000 cr on February 11, 2021

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Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on February 11, 2021.

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:

(₹ in crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
5.15% GS 2025 11,000 262 262
5.85% GS 2030 11,000 262 262

The underwriting auction will be conducted through multiple price-based method on February 11, 2021 (Thursday). 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.

(Yogesh Dayal)     
Chief General Manager

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