The Government of India has announced the sale (re-issue) of Government Securities (G-Secs) worth Rs 32,000 crore through an underwriting auction scheduled to be held on December 26, 2025 (Friday).
As per the extant underwriting commitment scheme notified on November 14, 2007, the Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction applicable to each Primary Dealer (PD) are as follows:
5.91% GS 2028: Notified amount Rs 9,000 crore; MUC Rs 215 crore; Minimum ACU bid Rs 215 crore
6.28% GS 2032: Notified amount Rs 11,000 crore; MUC Rs 262 crore; Minimum ACU bid Rs 262 crore
7.24% GS 2055: Notified amount Rs 12,000 crore; MUC Rs 286 crore; Minimum ACU bid Rs 286 crore
The underwriting auction will be conducted using a multiple price-based method on December 26. Primary Dealers may submit bids for the ACU auction electronically through the Reserve Bank of India (RBI)’s Core Banking Solution (e-Kuber system) between 9:00 am and 9:30 am on the day of the auction.
The RBI said the underwriting commission will be credited to the current accounts of the respective Primary Dealers with the central bank on the day of issue of the securities.