RBI to auction government securities worth Rs 32,000 crore on THIS DATE - Check details
“The underwriting auction will be conducted through multiple price-based methods on 21 May 2021,” RBI said.
The Reserve Bank of India on Thursday, 20 May, informed that the Centre has decided the sale (re-issue) of government stock through auctions. The auction will be held on 21 May 2021. “Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on 21 May 2021,” RBI said.
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As per the extant scheme of underwriting notified on 14 November 2007, the amounts of Minimum Underwriting Commitment and the minimum bidding commitment under Additional Competitive Underwriting for the underwriting auction, applicable to each primary dealer includes 5.63 per cent GS 2026 for Rs 11,000 crore, GoI FRB 2033 for Rs 4,000 crore, 6.64 per cent GS 2035 for Rs 10,000 crore, and 6.67 per cent GS 2050 for Rs 7,000 crore.
“The underwriting auction will be conducted through multiple price-based methods on 21 May 2021,” RBI said. The central bank also added that primary dealers are likely to submit their bids for Additional Competitive Underwriting auction electronically through the Core Banking Solution (E- Kuber) System between 09:00 AM and 09:30 AM on the date of the underwriting auction.
The underwriting commission will be credited to the current account of the respective primary dealers with RBI on the date of issue of securities.
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