RBI reported the 5.91% GS 2028, ₹9,000 crore, had MUC ₹4,515 crore, ACU ₹4,485 crore, fully underwritten, with 0.15 paise per ₹100 cut-off commission
MUMBAI
The Reserve Bank of India (RBI) on Friday announced the completion of its underwriting auction for ₹32,000 crore worth of government securities, including a sovereign green bond that attracted the highest commission rate. The auction was conducted under the Additional Competitive Underwriting (ACU) scheme, allowing Primary Dealers to bid for commissions on underwriting commitments.
According to the RBI, the 5.91 per cent Government Security (GS) 2028, with a notified amount of ₹9,000 crore, recorded a Minimum Underwriting Commitment (MUC) of ₹4,515 crore and an ACU amount of ₹4,485 crore. The total amount underwritten stood at ₹9,000 crore, with a cut-off commission rate of 0.15 paise per ₹100.
For the 6.28 per cent GS 2032, the notified amount was ₹11,000 crore, with total underwriting commitments matching the full issue size. The commission rate was set at 0.30 paise per ₹100. Similarly, the 7.24 per cent GS 2055, amounting to ₹7,000 crore, carried a commission rate of 0.67 paise per ₹100.
The highlight of the auction was the 6.98 per cent Government of India Sovereign Green Bond (SGrB) 2054, which saw the highest commission rate of 1.50 paise per ₹100. The green bond had a notified amount of ₹5,000 crore, split between MUC and ACU commitments of ₹2,520 crore and ₹2,480 crore respectively.
RBI officials said the results reflected healthy participation and competitive bidding among Primary Dealers, underscoring investor confidence in India’s long-term government securities market.