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Underwriting Auction for sale of Government Securities for ₹33,000 crore on December 15, 2023

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on December 15, 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

16,000

381

381

7.46% GS 2073

10,000

239

239

                                                           

The underwriting auction will be conducted through multiple price-based method on December 15, 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.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1477

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