Underwriting Auction for sale of Government Securities for ₹30,000 crore on December 02, 2022

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Mumbai (01/12/2022): Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on December 02, 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
6.69% GS 2024 4,000 96 96
7.10% GS 2029 6,000 143 143
7.54% GS 2036 11,000 262 262
7.40% GS 2062 9,000 215 215

 

The underwriting auction will be conducted through multiple price-based method on December 02, 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 day of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

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