RBI Sets Underwriting Commission for 2076 and 2031 Government Bonds

The Reserve Bank of India (RBI) has announced underwriting commission rates for two key government securities, reinforcing its structured approach to bond issuance.

For the 2076 maturity bonds, the commission has been set at ₹0.0140 per ₹100, while for the new 2031 maturity bonds, the commission is ₹0.0039 per ₹100. These rates are applicable to primary dealers who underwrite government securities, ensuring smooth participation in auctions and stability in debt market operations.

This move reflects RBI’s continued focus on transparent pricing mechanisms and efficient debt management, while also balancing incentives for primary dealers. The announcement comes at a time when India’s bond market is closely watched for long-term yield trends and fiscal management strategies.

Key Highlights

• 2076 Bonds: Underwriting commission fixed at ₹0.0140 per ₹100.
• 2031 Bonds: Underwriting commission fixed at ₹0.0039 per ₹100.
• Issuer: Reserve Bank of India (RBI).
• Purpose: Incentivize primary dealers in underwriting government securities.
• Market Impact: Supports transparent debt issuance and strengthens investor confidence.

Sources: Reserve Bank of India, Reuters