MIL-OSI Banking: Underwriting Auction for sale of Government Securities for ₹34,000 crore on June 14, 2024

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Source: Reserve Bank of India

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on June 14, 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 2031 11,000 262 262
7.23% GS 2039 12,000 286 286
7.34% GS 2064 11,000 262 262

The underwriting auction will be conducted through multiple price-based method on June 14, 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

Press Release: 2024-2025/492

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