Underwriting Auction for sale of Government Securities for ₹29,000 crore on May 24, 2024

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Published on May 22, 2024

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Underwriting Auction for sale of Government Securities for ₹29,000 crore on May 24, 2024

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 24, 2024.

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 2027	6,000	143	143
7.23% GS 2039	12,000	286	286
7.46% GS 2073	11,000	262	262

The underwriting auction will be conducted through multiple price-based method on May 24, 2024 (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.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2024-2025/352