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NEW DELHI : President Donald Trump’s announcement of a deal

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NEW DELHI : President Donald Trump’s announcement of a deal to develop Pakistan’s “massive oil reserves” sounds more like a strategic manoeuvre on the South Asian chessboard to counter Islamabad’s

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File photo: US President Donald Trump and Mexican President Claudia Sheinbaum (Picture credit: AP) US President Donald Trump on Thursday announced a 90-day extension for trade negotiations with Mexico, allowing

Government to auction Rs 27,000 crore in securities, split into two tranches

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Government to auction Rs 27,000 crore in securities, split into two tranches

NEW DELHI: Government has announced the sale (re-issue) of dated government securities totaling Rs 27,000 crore, set for Friday. The auction will be split into two segments: Rs 15,000 crore at 6.75 per cent maturing in 2029, and Rs 12,000 crore at 7.09 per cent maturing in 2054.According to a statement from the Reserve Bank of India (RBI), the underwriting auction will be conducted using a multiple price-based method. The auction details include specifications for the Minimum Underwriting Commitment (MUC) and minimum bidding requirements under the Additional Competitive Underwriting (ACU) framework for each Primary Dealer (PD).Primary Dealers are permitted to submit their ACU bids electronically via the Core Banking Solution (E-Kuber) System between 9.00 am and 9.30 am on the day of the auction.“The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of the securities,” the central bank said, as reported by ANI.Earlier, on March 27, the government released the indicative calendar for the issuance of dated government securities—including Sovereign Green Bonds (SGrBs)—for the first half of the financial year 2025–26 (April 1 to September 30, 2025).The advance publication of the auction schedule aims to enhance transparency and promote better investment planning among institutional and retail investors, thereby contributing to the stability and efficiency of the Government Securities (G-Sec) market.





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