New Delhi— The Government of India has announced the sale and re-issue of Government Securities (G-Secs) worth ₹25,000 crore through auctions scheduled to be held on Friday, July 11, 2025.
- According to the Reserve Bank of India (RBI), the auction will include:
- A new 10-year Government Security maturing in 2032 with a notified amount of ₹11,000 crore.
A re-issue of the 7.09% Government Security maturing in 2074 with a notified amount of ₹14,000 crore.
RBI Outlines Underwriting Guidelines
As per the RBI’s press release, the auction will be conducted under the extant underwriting commitment scheme notified on November 14, 2007. The Minimum Underwriting Commitment (MUC) and Additional Competitive Underwriting (ACU) obligations for each Primary Dealer (PD) have been set at:
- ₹11,000 crore for the New GS 2032
- ₹14,000 crore for the 7.09% GS 2074
The underwriting auction will follow a multiple price-based method and will be held on the same day (July 11). Primary Dealers may submit their bids electronically through the RBI’s Core Banking Solution (E-Kuber) System between 9:00 AM and 9:30 AM.
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Commission & Settlement
The underwriting commission will be credited to the current accounts of the respective Primary Dealers on the day of issue of the securities, the RBI confirmed.
This auction is part of the government’s regular borrowing program and plays a key role in managing fiscal requirements while offering long-duration investment opportunities to institutional investors.
About RBI
The Reserve Bank of India (RBI), established on April 1, 1935, is India’s central banking authority under the Reserve Bank of India Act, 1934. Headquartered in Mumbai, it regulates the issue and supply of the Indian rupee and oversees the country’s monetary policy. The RBI plays a vital role in controlling inflation, stabilizing the financial system, supervising banks, and promoting inclusive economic growth across India.
