Underwriting Auction for sale of Government Securities for ₹29,000 crore on June 07, 2024

The Government of India has announced the sale (re-issue) of Government Securities totaling ₹29,000 crore, scheduled for auction on June 07, 2024. The underwriting auction, in accordance with the scheme of underwriting, involves Primary Dealers (PDs) committing to a Minimum Underwriting Commitment (MUC) and bidding commitments under Additional Competitive Underwriting (ACU). \r

The auction will employ a multiple price-based method, with PDs submitting bids electronically through the E-Kuber System between 10:30 A.M. and 11:00 A.M. on the day of the auction. Underwriting commission will be credited to the respective PDs' current accounts with the RBI on the day of securities issuance.