The Government of India have announced the sale (re-issue) of the following Government Stock through auctions to be held on January 3, 2014.

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)                    

Nomenclature of the Security

Notified Amount

MUC amount per Primary Dealer

Minimum bidding commitment per PD under ACU auction

8.12 per cent GS 2020

4000

100

100

8.24 per cent GS 2027

7000

175

175

9.20 per cent GS 2030

2000

50

50

8.30 per cent GS 2042

2000

50

50

The underwriting auctions will be conducted using multiple price based auction method on January 2, 2014. 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.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1321



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