Results of Underwriting Auctions

By RBI
Thursday, November 11, 2010

In the auctions conducted on November 11, 2010 for “7.99 per cent Government Stock 2017”, “7.80 per cent Government Stock 2020”, 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 underwritten

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

7.99% GS 2017

4000

2000

2000

4000

0.52

7.80% GS 2020

4000

2000

2000

4000

0.87

8.30% GS 2040

3000

1500

1500

3000

0.67

Auction for the sale of securities will be held on November 12, 2010.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/664
Filed under: Finance

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