Reserve Bank of India – Press Releases

0
71


Government of India has introduced the sale (re-situation) of Government Securities, as detailed beneath, via auctions to be held on September 23, 2022.

As per the extant scheme of underwriting notified on November 14, 2007, the quantities of Minimum Underwriting Commitment (MUC) and the minimal bidding dedication below Additional Competitive Underwriting (ACU) for the underwriting public sale, relevant to every Primary Dealer (PD), are as below:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) quantity per PD Minimum bidding dedication per PD below ACU public sale
7.38% GS 2027 9,000 215 215
GOI FRB 2028 4,000 96 96
7.54% GS 2036 11,000 262 262
7.36% GS 2052 8,000 191 191

The underwriting public sale shall be carried out via a number of worth-primarily based technique on September 23, 2022 (Friday). PDs might submit their bids for ACU public sale electronically via Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 A.M. on the day of underwriting public sale.

The underwriting fee shall be credited to the present account of the respective PDs with RBI on the day of situation of securities.

Rupambara           
Director (Communications)

Press Release: 2022-2023/907



Source link

See also  "Need To Be Frightened Out Of Complacency": Raghuram Rajan On GDP Numbers

LEAVE A REPLY

Please enter your comment!
Please enter your name here