Underwriting Auctions for Government Securities
The Government of India have announced the sale (re-issue) of the following Government Stock through auctions to be held on December 20, 2013.
As per revised scheme of underwriting, dated November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, per Primary Dealer, are as under:
(` in crore)
The underwriting auctions will be conducted using multiple price based auction method on December 19, 2013. Primary Dealers (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 auction.
The underwriting commission will be credited to the current account of the respective PDs at the RBI, Fort, Mumbai on the date of issue of securities.
Press Release : 2013-2014/1224