RBI-Underwriting Auctions for 1.44 % Inflation Indexed Government Stock 2023
December, 27th 2013
The Government of India have announced the sale (re-issue) of “1.44 % Inflation Indexed Government Stock - 2023” for a notified amount of ` 500 crore through auctions to be held on December 31, 2013.
As per revised scheme of underwriting, dated November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, per Primary Dealer, are as under:
(` in crore)
Nomenclature of the Security
MUC amount per Primary Dealer
Minimum bidding commitment per PD under ACU auction
1.44 % Inflation Indexed Government Stock – 2023
The underwriting auctions will be conducted using multiple price based auction method on December 30, 2013. Primary Dealers (PDs) may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 p.m. on the date of auction.
The underwriting commission will be credited to the current account of the respective PDs at the RBI, Fort, and Mumbai on the date of issue of securities.