• Tue. Nov 5th, 2024

Underwriting Auction for sale of Government Securities for ₹33000 crore on April 29, 2022

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Apr 29, 2022 #RBI

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on April 29, 2022.

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 :

SecurityNotified
Amount
Minimum
Underwriting
Commitment (MUC)
amount per PD
Minimum bidding
commitment per
PD under ACU
auction
4.56% GS 20234,0009696
7.10% GS 20297,000167167
6.54% GS 203213,000310310
6.95% GS 20619,000215215

The underwriting auction will be conducted through multiple price-based method on April 29, 2022 (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.

Rupambara
Director (Communications)

Notification : https://www.dropbox.com/s/z1cf9rv9hl39wog/Underwriting%20Auction%20for%20sale%20of%20Government%20Securities.PDF?dl=0

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