The Government of India has announced the re-issue of government securities worth Rs 29,000 crore through an underwriting auction scheduled for February 6, 2026 (Friday).

As part of the issuance, two securities will be offered — Rs 16,000 crore of 6.68% Government Security maturing in 2040 and Rs 13,000 crore of 6.90% Government Security maturing in 2065.

Under the existing underwriting commitment framework, each Primary Dealer (PD) will undertake a Minimum Underwriting Commitment (MUC) of Rs 381 crore for the 2040 paper and Rs 310 crore for the 2065 paper. The same amounts will also apply as the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction.

The underwriting auction will follow a multiple price-based method. Bids for the ACU auction can be submitted electronically via the Reserve Bank of India Core Banking Solution (e-Kuber system) between 10:30 AM and 11:00 AM on the auction day.

The underwriting commission will be credited to the current accounts of respective Primary Dealers with the RBI on the day the securities are issued.