Government stock '2016' and '2032' action to be held on May 12

Mumbai, May 7 (UNI) Government of India has announced auction of 7.69 per cent Government stock '2016' and 7.95 Government stock '2032' for the notified amount of Rs 6,000 crore and Rs 4,000 crore, respectively that is to be held on May 9.

Minimum bidding requirement for each Primary Dealers (PD) in the additional competitive underwriting (ACU) auction would be equal to the amount of minimum underwriting commitment (MUC), a release issued here today stated.

For the 7.59 per government security 2016 the MUC amount per PD would be 158 crore and ACU amount per PD would be Rs 158 crore.

While for 7.95 per cent Government Stock 2032, the MUC amount would be Rs 106 crore and ACU amount would also be Rs 106 crore, the release added.

The underwriting auctions will be conducted using multiple price-based action method.

UNI ST GR SM1220