Document title: Result of Underwriting Auction conducted on October 01, 2026
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026-2027/1227
Date: 01 October 2026
Capital Markets and Flows
The Reserve Bank of India conducted an underwriting auction on 1 October 2026 for additional competitive underwriting (ACU) of four government securities. The securities and their notified amounts were: 6.20% GS 2029 (₹9,000 crore), 6.57% GS 2033 (₹12,000 crore), 7.63% GS 2056 (₹9,000 crore) and 7.50% GOI SGrB 2056 (₹3,000 crore), totalling ₹33,000 crore. Minimum underwriting commitments (MUC) were set at ₹4,515 crore for the 2029 and 2056 bonds, ₹6,006 crore for the 2033 bond, and ₹1,512 crore for the 2056 SGrB. The ACU amounts accepted matched the remaining balance for each issue (₹4,485 crore, ₹5,994 crore, ₹4,485 crore and ₹1,488 crore respectively), resulting in full underwriting of the total notified amounts.
Regulatory and Policy Measures
The RBI fixed the cut‑off commission rates payable to primary dealers for the ACU as follows: 1.97 paise per ₹100 for the 6.20% GS 2029, 0.85 paise per ₹100 for the 6.57% GS 2033, 0.64 paise per ₹100 for the 7.63% GS 2056, and 0.87 paise per ₹100 for the 7.50% GOI SGrB 2056. These rates represent the maximum commission that primary dealers may charge for underwriting the respective securities. The auction for the sale of the securities is scheduled to be held on the same day, 1 October 2026. The press release announcing these details was issued by Deputy Manager Ajit Prasad (Communications).
The RBI’s actions ensure complete underwriting of the selected government securities, provide transparent commission benchmarks for primary dealers, and set the stage for the immediate sale of the securities on 1 October 2026.