Document title: Underwriting Auction for sale of Government Securities for ₹32,000 crore on June 12, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/436
Date: June 11, 2026
Capital Markets and Flows
The Government of India will re‑issue government securities totaling ₹32,000 crore through an underwriting auction on June 12, 2026. Two issues are being offered: a 6.36% Government Security maturing in 2031 with a notified amount of ₹21,000 crore, and a 7.71% Government Security maturing in 2066 with a notified amount of ₹11,000 crore. Under the extant underwriting scheme notified on November 14, 2007, each primary dealer (PD) must commit a Minimum Underwriting Commitment (MUC) of ₹500 crore for the 6.36% issue and ₹262 crore for the 7.71% issue. The same amounts constitute the minimum bidding commitment per PD under the Additional Competitive Underwriting (ACU) auction. The auction will be conducted using a multiple price‑based method. PDs may submit their ACU bids electronically via the RBI Core Banking Solution (e‑Kuber system) between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission earned by each PD will be credited to its current account with the RBI on the day the securities are issued.
Regulatory and Policy Measures
The auction operates under the underwriting commitment framework established on November 14, 2007, which defines the MUC and ACU minimum bidding requirements for each primary dealer. This framework ensures adequate underwriting support for government securities issuance and facilitates smooth market functioning.
The RBI’s facilitation of this large‑scale underwriting auction underscores its role in supporting government financing operations while maintaining orderly market conditions. This content may not be financially relevant.