On February 27, 2026, the Reserve Bank of India conducted an underwriting auction for Additional Competitive Underwriting (ACU) of a Government security. The auction resulted in a cut-off rate for underwriting commission payable to Primary Dealers.
The security in question is the 6.48% GS 2035. The notified amount for this security was ₹32,000 crore. The minimum underwriting commitment (MUC) amount was ₹16,002 crore, with an additional competitive underwriting amount of ₹15,998 crore accepted. The total amount underwritten was ₹32,000 crore. The ACU commission cut-off rate was set at 0.54 paise per ₹100.
The auction for the sale of this security was held on February 27, 2026. The press release reference number is 2025-2026/2181.
Key Entities Referenced
Reserve Bank of India: Regulator conducting the underwriting auction.
Additional Competitive Underwriting (ACU): The specific type of underwriting auction conducted.
Government security: The type of financial instrument being auctioned.
Primary Dealers: Entities eligible to participate in the underwriting auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 27, 2026
Result of Underwriting Auction conducted on February 27, 2026
In the underwriting auction conducted on February 27, 2026, for Additional Competitive
Underwriting (ACU) of the undernoted Government security, the Reserve Bank of India has set
the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Minimum
Additional ACU
Underwritin
Competitive Commissio
g Total Amount
Nomenclature of Notified Underwriting n Cut-off
Commitmen underwritten
the Security Amount Amount rate
t (MUC) (₹crore)
(₹crore) Accepted (Paise per
Amount
(₹crore) ₹10 0)
(₹crore)
6.48% GS 2035 32,000 16,002 15,998 32,000 0.54
Auction for the sale of security will be held on February 27, 2026.
Ajit Prasad
Press Release: 2025-2026/2181 Deputy General Manager
(Communications)