RBI-Underwriting Auctions for Government Securities for Rs. 16,000 cr on May 28, 2015
May, 27th 2015
The Government of India has announced the sale (re-issue) of the Government Stock through auctions to be held on May 29, 2015.
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
7.68 per cent GS 2023
7.88 per cent GS 2030
7.95 per cent GS 2032
8.17 per cent GS 2044
The underwriting auctions will be conducted using multiple price based auction method on May 28, 2015. 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 noon on the date of underwriting auction.
The underwriting commission will be credited to the current account of the respective PDs at the RBI, Fort, Mumbai on the date of issue of securities.