Primary dealers asked to back ₹36,000 crore bond sale on Oct 9
Ahead of the October 9 bond auction, each Primary Dealer must underwrite at least ₹548 crore of the 2041 bond and ₹310 crore of the 2076 bond.
Official title: Underwriting Auction for sale of Government Securities for ₹36,000 crore on October 09, 2026 · Press Release 2026-2027/1279
What happened
This notice sets the safety net for the ₹36,000 crore bond auction on October 9, 2026. Primary Dealers promise to buy any part of the sale that other investors do not take. Each dealer must underwrite a minimum of ₹548 crore of the 7.06% bond due 2041 (₹23,000 crore sale) and ₹310 crore of the 7.43% bond due 2076 (₹13,000 crore sale).
Dealers can also bid between 9:00 and 9:30 a.m. on the day to underwrite extra amounts for a commission. It is a routine step before each large auction.
What it means for you
No effect on ordinary people.
What it means for businesses
Primary Dealers earn a commission and must be ready to buy unsold bonds.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.