RBI Announces Auction of Rs 32,000 Crore in Government Securities

Government of India to Auction Rs 32,000 Crore in Government Securities

The Government of India has announced the sale of Government Securities totaling Rs 32,000 crore through an auction scheduled for April 24, 2026. This involves both the issuance and reissuance of four distinct categories of securities, as per the Reserve Bank of India (RBI).

The RBI has stated that the sale will include the 6.03 per cent GS 2029 and the 6.68 per cent GS 2033 securities, each carrying a notified amount of Rs 11,000 crore. Additionally, the government intends to raise Rs 5,000 crore through the 7.24 per cent GS 2055 bonds and another Rs 5,000 crore via the New GOI SGrB 2056.

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The Minimum Underwriting Commitment (MUC) per Primary Dealer for the securities maturing in 2029 and 2033 is fixed at Rs 262 crore. The same amount applies as the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction for these specific papers. For the longer-dated 2055 and 2056 securities, the MUC and minimum bidding commitment are set at Rs 120 crore per Primary Dealer.

The underwriting auction will be conducted through multiple price-based method on April 24, 2026 (Friday). Primary Dealers must submit their bids for the ACU auction through the Reserve Bank of India Core Banking Solution, also known as the e-Kuber system. The operational window for these electronic submissions is strictly scheduled between 09:00 A.M. and 09:30 A.M. on the day of the auction.

The underwriting commission will be credited to the current account of the respective Primary Dealers with RBI on the day of issue of securities, as per the RBI's clarification on the settlement process for the participating entities.