{
  "id": 14657585,
  "title": "Underwriting Auction for sale of Government Security for ₹34,000 crore on October 16, 2026",
  "url": "https://urgent.news/2026/10/15/underwriting-auction-for-sale-of-government-security-for-34-000-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T09:18:54.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63811"
  },
  "original_language": "en",
  "account": "The Government of India has scheduled a sale (re-issue) of Government Security via an underwriting auction, with the event taking place on October 16, 2026. The auction will follow the existing underwriting commitment scheme, which was announced on November 14, 2007. Each Primary Dealer (PD) is required to commit a Minimum Underwriting Commitment (MUC) and a minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction. For the 6.94% Government Security (GS) 2036, the MUC is set at ₹810 crore per PD, along with a minimum bidding commitment of the same amount under the ACU auction. The underwriting auction will employ a multiple price-based method on the designated day, and PDs can submit their bids electronically through the Reserve Bank of India's Core Banking Solution (e-Kuber system) between 09:00 AM and 09:30 AM on the day of the auction. The underwriting commission will be credited to the PDs' current accounts with the Reserve Bank of India on the day the security is issued.",
  "summary": "Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on October 16, 2026 (Friday) . As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to…",
  "key_points": [
    "Government of India to sell ₹34,000 crore Government Security on October 16, 2026",
    "Primary Dealers must commit ₹810 crore MUC and minimum bidding under ACU auction",
    "Underwriting auction uses multiple price-based method with electronic bids via e-Kuber"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}