Document title: Result of Underwriting Auction conducted on June 12, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/440
Date: June 12, 2026
Capital Markets and Flows
The Reserve Bank of India conducted an additional competitive underwriting (ACU) auction on June 12, 2026 for two government securities. The 6.36% Government Security maturing in 2031 had a notified amount of ₹21,000 crore, with a minimum underwriting commitment of ₹10,500 crore. An additional competitive underwriting amount of ₹10,500 crore was accepted, bringing the total amount underwritten to the full ₹21,000 crore. The cut‑off rate for the underwriting commission payable to primary dealers was set at 0.25 paise per ₹100.
The 7.71% Government Security maturing in 2066 had a notified amount of ₹11,000 crore, with a minimum underwriting commitment of ₹5,502 crore. An additional competitive underwriting amount of ₹5,498 crore was accepted, resulting in the total amount underwritten of ₹11,000 crore, i.e., the full issue. The cut‑off commission rate for this security was set at 0.61 paise per ₹100.
Regulatory and Policy Measures
The auction results were communicated through Press Release 2026-2027/440, issued by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication. The RBI’s use of ACU mechanisms reflects its ongoing policy to manage government borrowing costs and ensure orderly market participation by primary dealers.