The Reserve Bank of India (RBI) on Friday announced the completion of its ₹32,000 crore bond auction, revealing the highest underwriting commission in the Sovereign Green Bond (SGrB) 2054 issue. The auction, held on October 31, was part of the central bank’s Additional Competitive Underwriting (ACU) for select government securities.
According to the RBI, the 5.91% Government Security (GS) 2028, with a notified amount of ₹9,000 crore, had a Minimum Underwriting Commitment (MUC) of ₹4,515 crore and an ACU amount of ₹4,485 crore. The total amount underwritten stood at ₹9,000 crore, with a cut-off commission rate of 0.15 paise per ₹100.
For the 6.98% Government of India Sovereign Green Bond (SGrB) 2054, the notified amount was ₹5,000 crore, with an MUC of ₹2,520 crore and an ACU accepted amount of ₹2,480 crore. The total underwritten amount reached ₹5,000 crore, with the highest underwriting commission rate of 1.50 paise per ₹100.
The 6.28% GS 2032, with a notified amount of ₹11,000 crore, recorded an MUC of ₹5,502 crore and an ACU of ₹5,498 crore. The total underwritten amount was ₹11,000 crore, with the underwriting commission fixed at 0.30 paise per ₹100.
Meanwhile, the 7.24% GS 2055 issue, worth ₹7,000 crore, saw an MUC of ₹3,507 crore and an ACU of ₹3,493 crore. The total underwritten amount stood at ₹7,000 crore, with a commission rate of 0.67 paise per ₹100.
With this, the RBI concluded the auction of government securities worth ₹32,000 crore, showcasing strong market participation and growing interest in long-term green bond instruments.
