The Reserve Bank of India (RBI) has announced underwriting commission rates for two upcoming government securities. The 2076 bond will carry a commission of ₹0.0115 per ₹100, while the 2030 bond is set at ₹0.0060 per ₹100. These rates guide primary dealers participating in sovereign debt auctions.
In a key update for India’s debt market, the Reserve Bank of India (RBI) has set underwriting commission rates for two new government bond issues. These commissions are paid to primary dealers who underwrite government securities during auctions, ensuring smooth issuance and market stability.
The 2076 maturity bond will carry an underwriting commission of ₹0.0115 per ₹100, reflecting its longer tenor and associated risk. Meanwhile, the 2030 bond—a shorter-term instrument—has been assigned a lower commission of ₹0.0060 per ₹100.
These rates are part of RBI’s routine disclosures under its debt management operations and help calibrate market participation and pricing dynamics.
Key Highlights
Bond Tenors: 2076 (50-year), 2030 (4-year)
Commission Rates:
2076 bond: ₹0.0115 per ₹100
2030 bond: ₹0.0060 per ₹100
Purpose: Paid to primary dealers for underwriting government securities during auctions
Impact: Supports efficient debt issuance and risk-adjusted compensation for market participants
Market Context: Comes amid stable yields and strong demand for long-duration sovereign paper
This move reinforces RBI’s commitment to transparent and efficient debt market operations.
Sources: Reuters, RBI Press Releases, Economic Times