Results of Underwriting Auctions

By RBI
Thursday, February 3, 2011

Cut-off rates in underwriting auctions for “7.17 per cent Government Stock 2015”, “8.13 per cent Government Stock 2022” and “8.30 per cent Government Stock 2040” in the auctions conducted on February 03, 2011 for Additional Competitive Underwriting (ACU) of the captioned securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(` in crore)           

Nomenclature of the Security

Notified Amount

 

Minimum Underwriting Commitment (MUC) Amount

Additional Competitive Underwriting Amount Accepted

Total Amount underwritten

ACU Commission
Cut-off rate

(paise per Rs.100)

7.17% GS 2015

3000

1500

1500

3000

0.77

8.13% GS 2022

4000

2000

2000

4000

0.67

8.30% GS 2040

3000

1500

1500

3000

0.84

Auction for the sale of securities will be held on February 4, 2011.

J. D. Desai
Assistant Manager

Press Release : 2010-2011/1113

Filed under: Finance

Tags: ,
YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :