The Reserve Bank of India (RBI) on Wednesday fixed the minimum underwriting commitment at Rs 167 crore for each primary dealer at Friday’s auction of 7.99 per cent 2017 bonds.

The RBI also said the additional competitive underwriting for which primary dealers have to bid collectively has been fixed at Rs 2,994 crore for the 2017 bonds.

The Government plans to raise Rs 6,000 crore from the bond issue. It also fixed the minimum underwriting commitment at Rs 112 crore for each primary dealer at Friday’s auction of 7.95 per cent 2032 bonds.

The additional competitive underwriting for which primary dealers have to bid collectively has been fixed at Rs 1,984 crore for the 25-year bond, the RBI said. The Government plans to raise Rs 4,000 crore.

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Posted: 10|10|07 at 10:59 am. Filed under: Auction News.