Document title: Underwriting Auction for Sale of Government Securities for ₹32,000 crore on June 19, 2026
Issuing authority: Reserve Bank of India
Reference: Press Release 2026-2027/478
Date: 18 June 2026
Capital Markets and Flows
The Government of India announced the re‑issue of government securities amounting to a total of ₹32,000 crore, to be auctioned on 19 June 2026. Four securities are included: 6.03% Government Security (GS) due 2029 and 6.68% GS due 2033, each with a notified amount of ₹11,000 crore; and 7.24% GS due 2055 and 7.50% Government of India Savings Bond (GOI SGrB) due 2056, each with a notified amount of ₹5,000 crore. Under the underwriting commitment scheme dated 14 November 2007, the Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction are set per Primary Dealer (PD) as follows: for the 2029 and 2033 issues, ₹262 crore each; for the 2055 and 2056 issues, ₹120 crore each.
Regulatory and Policy Measures
The underwriting auction will be conducted using a multiple price‑based method on the auction date. Primary Dealers are required to submit their ACU bids electronically through the Reserve Bank of India's Core Banking Solution (e‑Kuber) between 09:00 A.M. and 09:30 A.M. on the day of the auction. The underwriting commission earned by each PD will be credited to its current account with the RBI on the day the securities are issued.
Banking and Credit
All participating Primary Dealers, which are designated banking institutions, must adhere to the stipulated minimum commitments, ensuring adequate underwriting capacity and market liquidity for the government securities issue.
The announcement underscores the government's continued reliance on the primary dealer network to manage sovereign borrowing and reflects the RBI's operational framework for facilitating efficient market participation.