Results of Underwriting Auctions

By RBI
Thursday, December 23, 2010

In the auctions conducted on December 23, 2010 for “7.17 per cent Government Stock 2015”, “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 underwritten

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

7.17% GS 2015

2000

1000

1000

2000

0.38

8.08% GS 2022

2000

1000

1000

2000

0.42

8.30% GS 2040

2000

1000

1000

2000

0.51

Auction for the sale of securities will be held on December 24, 2010

R.R. Sinha
Deputy General Manager

Press Release : 2010-2011/882

Filed under: Finance

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