Auction of Govt Securities worth Rs 15,000 crore
Published: Nov 28, 2017
By TIOLCORPLAWS News Service
NEW DELHI, NOV 28, 2017: GOVT of India announced the sale (issue/re-issue) of Government Stock worth Rs. 15,000 crore through auctions to be held on November 30, 2017. As per revised scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, applicable to each Primary Dealer (PD), are as under:
(Rs in crore) | |||
Security | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
GoI FRB 2024 | 3,000 | 72 | 72 |
6.79% GS 2027 | 8,000 | 191 | 191 |
7.73% GS 2034 | 2,000 | 48 | 48 |
7.06% GS 2046 | 2,000 | 48 | 48 |
The underwriting auctions will be conducted using multiple price based auction method on November 29, 2017 (Wednesday). PDs may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 noon on the date of underwriting auction.