Document title: Result of Underwriting Auction – September 11, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1095
Date: 11 September 2026
Capital Markets and Flows
The Reserve Bank of India disclosed the outcome of the additional competitive underwriting (ACU) auction conducted on 11 September 2026 for three government securities: 6.20 % GS 2029, 6.57 % GS 2033 and a new GS 2056. The notified amounts were ₹11,000 crore for the 2029 and 2033 issues and ₹10,000 crore for the 2056 issue. Minimum underwriting commitments (MUC) were set at ₹5,502 crore for the first two securities and ₹5,019 crore for the new issue. The additional competitive underwriting amounts accepted were ₹5,498 crore for each of the 2029 and 2033 securities and ₹4,981 crore for the 2056 security, bringing the total amount underwritten to the full notified amounts. The ACU commission cut‑off rates were fixed at 2.00 paise per ₹100 for the 6.20 % GS 2029, 1.80 paise per ₹100 for the 6.57 % GS 2033, and 1.29 paise per ₹100 for the New GS 2056.
Regulatory and Policy Measures
The RBI, through this circular, established the cut‑off rates for underwriting commissions payable to primary dealers, thereby providing the pricing framework for the ACU mechanism. The announcement was issued by Deputy General Manager Ajit Prasad (Communications). The auction for the sale of the securities is scheduled to be held on the same day, 11 September 2026.
The release underscores the RBI’s role in managing government debt issuance and ensuring transparent pricing for primary dealers.