Results of Underwriting Auctions

By RBI
Thursday, January 13, 2011

Cut-off rates in underwriting auctions for “7.17 per cent Government Stock 2015”, “8.13 per cent Government Stock 2022”, and “8.30 per cent Government Stock 2040” in the auctions conducted on January 13, 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:

(Rs. 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)

7.17% GS 2015

4000

2000

2000

4000

1.74

8.13% GS 2022

4000

2000

2000

4000

1.27

8.30% GS 2040

3000

1500

1500

3000

1.74

Auction for the sale of securities will be held on January 14, 2011.

J. D. Desai
Assistant Manager

Press Release : 2010-2011/1003

Filed under: Finance

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