Results of Underwriting Auctions

By RBI
Thursday, October 21, 2010
Auction Results

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In the auctions conducted on October 21, 2010 for “7.99 per cent Government Stock 2017”, “8.08 per cent Government Stock 2022” and “8.30 per cent Government Stock 2040”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 under
written

ACU Commission Cut-off rate
(paise per Rs.100)

7.99% GS 2017

4000

2000

2000

4000

0.57

8.08% GS 2022

5000

2500

2500

5000

0.67

8.30% GS 2040

2000

1000

1000

2000

0.75

Auction for the sale of securities will be held on October 22, 2010.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/558
Filed under: Featured Article, Finance

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