Underwriting Auction for sale of Government Securities for ₹27,000 cr on January 08, 2021

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On Jan 7, 2021

Underwriting Auction for sale of Government Securities for ₹27,000 cr on January 08, 2021

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on January 08, 2021.

As 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
3.96% GS 2022	2,000	48	48
5.15% GS 2025	11,000	262	262
5.85% GS 2030	8,000	191	191
6.80% GS 2060	6,000	143	143

The underwriting auction will be conducted through multiple price-based method on January 08, 2021 (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