On February 18, 2026, the Reserve Bank of India (RBI) released a press statement announcing an underwriting auction for the sale (re-issue) of Government Securities worth ₹33,000 crore on February 20, 2026 (Friday).
As per the underwriting commitment notified on November 14, 2007, the Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as follows:
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
| :-------------- | :-------------- | :---------------- | :---------------------------------------------------- |
| 6.03% GS 2029 | 9,000 | 215 | 215 |
| 6.68% GS 2033 | 11,000 | 262 | 262 |
| 7.24% GS 2055 | 13,000 | 310 | 310 |
The underwriting auction will use a multiple price-based method on February 20, 2026 (Friday). Primary Dealers (PDs) can submit bids for the ACU auction electronically via the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M. on the day of the auction. The underwriting commission will be credited to the current accounts of the respective PDs with RBI on the day of the securities' issue.
For inquiries, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. The press release number is 2025-2026/2134. Ajit Prasad, Deputy General Manager (Communications) is listed as a contact.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for conducting the underwriting auction.
Government Securities: The financial instruments being auctioned.
Underwriting Auction: Auction for sale of government securities.
Mumbai: Location of Reserve Bank of India central office.
e-Kuber: Reserve Bank of India Core Banking Solution used for submitting bids.
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 18, 2026
Underwriting Auction for sale of Government Securities for ₹33,000 crore
on February 20, 2026
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on February 20, 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 each
Primary Dealer (PD), are as under:
(₹ crore)
Minimum bidding
Notified MUC amount per
Securities commitment per PD
Amount PD
under ACU auction
6.03% GS 2029 9,000 215 215
6.68% GS 2033 11,000 262 262
7.24% GS 2055 13,000 310 310
The underwriting auction will be conducted through multiple price-based method on
February 20, 2026 (Friday). PDs may submit their bids for ACU auction electronically
through the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00
A.M. and 09:30 A.M. on the day of underwriting auction.
The underwriting commission will be credited to the current account of the respective
PDs with RBI on the day of issue of securities.
Ajit Prasad
Press Release: 2025-2026/2134 Deputy General Manager
(Communications)