RBI Sets Underwriting Commission for 2035 Bonds at ₹0.0054 per ₹100

In a recent notification, the Reserve Bank of India (RBI) announced the underwriting commission for the re-issue of the 6.48% GS 2035, scheduled for auction on February 27, 2026. The commission has been set at ₹0.0054 per ₹100, a critical benchmark for primary dealers participating in the underwriting auction.

This decision is part of the government’s broader borrowing program, aimed at raising ₹32,000 crore, with an option to retain an additional subscription of ₹2,000 crore. By setting a structured commission rate, RBI ensures efficient debt absorption, market stability, and investor confidence in long-term sovereign securities.

Key Highlights

• Bond: 6.48% Government Security (GS) 2035
• Auction Date: February 27, 2026
• Settlement Date: March 2, 2026
• Commission Rate: ₹0.0054 per ₹100
• Borrowing Target: ₹32,000 crore (plus ₹2,000 crore optional)
• Objective: Strengthen liquidity, ensure smooth debt absorption

This announcement underscores RBI’s commitment to maintaining fiscal discipline while supporting India’s sovereign debt market.

Sources: Reserve Bank of India Press Release, ET Edge Insights