Document title: Underwriting Auction for sale of Government Security for ₹34,000 crore on August 28, 2026
Issuing authority: Reserve Bank of India, Department of Communication
Reference: Press Release 2026-2027/970
Date: 27 August 2026
Regulatory and Policy Measures
The Government of India has announced the re‑issue of a 6.94 % Government Security maturing in 2036, with a total issue size of ₹34,000 crore. Under the underwriting commitment scheme notified on 14 November 2007, each Primary Dealer is required to provide a Minimum Underwriting Commitment (MUC) of ₹810 crore and an equal minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction. The underwriting auction will be conducted on 28 August 2026 using a multiple price‑based method. Primary Dealers may submit their ACU bids electronically via the RBI’s Core Banking Solution (e‑Kuber) between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission earned by the Primary Dealers will be credited to their current accounts with the RBI on the day the security is issued.
The auction framework reaffirms the RBI’s established underwriting mechanism, ensuring liquidity and orderly placement of a large‑scale government securities issue.