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Dec 29, 2011, 03.10 PM IST | Source: RBI

Results of Underwriting Auctions

Results of Underwriting Auctions

In the auctions conducted on December 29, 2011 for Additional Competitive Underwriting (ACU) of the undernoted securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(` 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)

7.99% GS 2017

3000

1512

1488

3000

2.80

9.15% GS 2024

6000

3003

2997

6000

0.99

8.28% GS 2027

3000

1512

1488

3000

2.95

8.83% GS 2041

3000

1512

1488

3000

1.97

            Auction for the sale of securities will be held on December 30, 2011.

Subhash Desai
Assistant Manager

Press Release : 2011-2012/1029

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