Underwriting Auction for sale of Government Securities for INR 30,000 cr on May 29, 2020
Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on May 29, 2020.
As per revised 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:
| (INR in crore) | |||
| Security | Notified Amount | Minimum Underwriting Commitment (MUC) amount per PD | Minimum bidding commitment per PD under ACU auction |
| 6.18% GS 2024 | 12,000 | 286 | 286 |
| New GS 2034 | 11,000 | 262 | 262 |
| 7.16% GS 2050 | 7,000 | 167 | 167 |
The underwriting auction will be conducted through multiple price-based method on May 29, 2020 (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 date of underwriting auction.
The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.
Ajit Prasad
Director
Press Release : 2019-2020/2411
