The Government of India will conduct an underwriting auction for the re-issue of government securities worth Rs 32,000 crore on April 17, 2026.
The auction includes Rs 21,000 crore of 6.36% GS 2031 and Rs 11,000 crore of 6.90% GS 2065. Under the underwriting framework, the Minimum Underwriting Commitment (MUC) per Primary Dealer (PD) is set at Rs 500 crore and Rs 262 crore, respectively, with an equal minimum bidding requirement under the Additional Competitive Underwriting (ACU) mechanism.
The auction will follow a multiple price-based method, with bids to be submitted electronically via the Reserve Bank of India’s e-Kuber system between 9:00 AM and 9:30 AM on the day of the auction.
The underwriting commission will be credited to the current accounts of participating PDs with the RBI on the date of issuance.