|
The
Government of India has announced the sale (re-issue) of the Government
Stock through auctions to be held on July 3, 2015.
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 (PD), are as under:
|
(₹ in crore)
|
|
Nomenclature of the Security
|
Notified Amount
|
MUC amount per Primary Dealer
|
Minimum bidding commitment per PD under ACU
auction
|
|
7.68 % GS 2023
|
3,000
|
75
|
75
|
|
7.72 % GS 2025
|
6,000
|
150
|
150
|
|
8.24 % GS 2033
|
3,000
|
75
|
75
|
|
8.13 % GS 2045
|
3,000
|
75
|
75
|
The
underwriting auctions will be conducted using multiple price based auction
method on July 2, 2015. 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.
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.
Sangeeta Das
Director
|
Post a Comment