Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on August 16, 2018. 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 auctions, applicable to each Primary Dealer (PD), are as under: | (₹ in crore) | | Security | Notified Amount | Minimum Underwriting Commitment (MUC) amount per PD | Minimum bidding commitment per PD under ACU auction | | 6.65% GS 2020 | 2,000 | 48 | 48 | | 7.59% GS 2026 | 2,000 | 48 | 48 | | GOI FRB 2031 | 3,000 | 72 | 72 | | 6.57% GS 2033 | 3,000 | 72 | 72 | | 8.13% GS 2045 | 2,000 | 48 | 48 | The underwriting auctions will be conducted using multiple price based auction method on August 16, 2018 (Thursday). PDs may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 09.30 a.m. and 11.00 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
Assistant Adviser Press Release : 2018-2019/381 | |