Results of Underwriting Auctions

By RBI
Thursday, November 24, 2011

In the auctions conducted on November 24, 2011 for Additional Competitive Underwriting (ACU) of the following securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(` crore)                   

Nomenclature of the Security

Notified Amount

Minimum Underwriting Commitment (MUC) Amount

Additional Competitive Underwriting Amount Accepted

Total Amount underwriting

ACU Commission Cut-off rate
(paise per ` 100)

GOI FRB 2020

3,000

1,512

1,488

3,000

13.99

9.15%  GS 2024

6,000

3,003

2,997

6,000

2.21

8.30% GS 2040

4,000

2,016

1,984

3,000

8.40
                  Auction for the sale of securities will be held on November 25, 2011.

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/823
Filed under: Finance

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