Underwriting Auctions for Government Securities for ₹ 12,000 cr on May 17, 2018

The Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on May 18, 2018.

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 auctions, applicable to each Primary Dealer (PD), are as under:

(₹ in crore)
Security Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction
6.65% GS 2020 1,000 24 24
7.59% GS 2026 3,000 72 72
GOI FRB 2031 4,000 96 96
6.57% GS 2033 1,000 24 24
6.62% GS 2051 3,000 72 72

The underwriting auctions will be conducted using multiple price based auction method on May 17, 2018 (Thursday). PDs may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 noon 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
Assistant Adviser

Press Release : 2017-2018/3002

Source: RBI Press Releases

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