Results of Underwriting Auctions

By RBI
Thursday, January 6, 2011

Cut-off rates in underwriting auctions for “7.49 per cent Government Stock 2017”, “7.80 per cent Government Stock 2020” and “8.26 per cent Government Stock 2027” In the auctions conducted on January 6, 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)

7.49% GS 2017

4000

2000

2000

4000

2.00

7.80% GS 2020

4000

2000

2000

4000

4.25

8.26% GS 2027

3000

1500

1500

3000

3.00

Auction for the sale of securities will be held on January 7, 2011.

J.D. Desai
Assistant Manager

Press Release : 2010-2011/968

Filed under: Finance

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