India plans a ₹36,000 crore bond auction on October 9, 2026, featuring the 7.06% GS 2041 and 7.43% GS 2076 securities, utilizing a multiple price-based underwriting method for primary dealers.
The Government of India is re-issuing the 7.06% GS 2041 with a notified amount of ₹23,000 crore. This auction requires Primary Dealers to fulfill a Minimum Underwriting Commitment (MUC) of ₹548 crore each, impacting the primary market supply and dealer liquidity requirements.
The notified amount for the re-issue is ₹23,000 crore.
The Government of India is re-issuing the 7.43% GS 2076 with a notified amount of ₹13,000 crore. Primary Dealers are obligated to participate with a Minimum Underwriting Commitment (MUC) of ₹310 crore, which influences the long-end supply dynamics of the sovereign yield curve.
The Minimum Underwriting Commitment per Primary Dealer is ₹310 crore.
The Government of India will conduct a re-issue of two sovereign bonds totaling ₹36,000 crore on October 9, 2026. The auction includes ₹23,000 crore in 7.06% GS 2041 and ₹13,000 crore in 7.43% GS 2076, with primary dealers required to meet specific underwriting commitments via the RBI's e-Kuber system.
The Government of India is auctioning a total of ₹36,000 crore, split between ₹23,000 crore for the 7.06% GS 2041 and ₹13,000 crore for the 7.43% GS 2076.
The auction will be conducted using a multiple price-based method, with primary dealers submitting bids electronically through the RBI's e-Kuber system.