Document title: Result of Underwriting Auction conducted on November 06, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1456
Date: 06 November 2026
Capital Markets and Flows
The RBI announced the outcome of an Additional Competitive Underwriting (ACU) auction held on 06 November 2026 for two government securities. For the 7.06% Government Security maturing in 2041, the notified amount was ₹23,000 crore. The minimum underwriting commitment (MUC) was set at ₹11,508 crore, and an additional competitive underwriting amount of ₹11,492 crore was accepted, bringing the total amount underwritten to the full ₹23,000 crore. The ACU commission cut‑off rate for this issue was fixed at 0.74 paise per ₹100.
For the 7.43% Government Security maturing in 2076, the notified amount was ₹13,000 crore. The minimum underwriting commitment was ₹6,510 crore, with an additional competitive underwriting amount of ₹6,490 crore accepted, resulting in the entire ₹13,000 crore being underwritten. The ACU commission cut‑off rate for this issue was set at 1.14 paise per ₹100.
The auction for the sale of these securities was scheduled to be conducted on the same day, 06 November 2026.
Regulatory and Policy Measures
The RBI, through this underwriting auction, facilitated the issuance of sovereign debt by setting clear commission cut‑off rates and ensuring full subscription of the notified amounts via primary dealers. This action reflects the RBI’s ongoing role in managing government borrowing and maintaining liquidity in the sovereign debt market.
The press release was issued by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication.