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Press Release


PDF document (351 kb)
Date : Sep 21, 2023
Underwriting Auction for sale of Government Securities for ₹33,000 crore on September 22, 2023

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023.

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:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
7.06% GS 2028 8,000 191 191
7.18% GS 2033 14,000 334 334
7.30% GS 2053 11,000 262 262

The underwriting auction will be conducted through multiple price-based method on September 22, 2023 (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 day of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/952


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