Underwriting Auction for sale of Government Securities for ₹30,000 crore on November 03, 2023

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Published on November 02, 2023

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Underwriting Auction for sale of Government Securities for ₹30,000 crore on November 03, 2023

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 03, 2023.

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
7.37% GS 2028	7,000	167	167
7.18% GS 2033	13,000	310	310
New GS 2073	10,000	239	239

The underwriting auction will be conducted through multiple price-based method on November 03, 2023 (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.

Shweta Sharma
Deputy General manager

Press Release: 2023-2024/1226