Results of Underwriting Auctions

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 February 03, 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)
7.17% GS 2015	3000	1500	1500	3000	0.77
8.13% GS 2022	4000	2000	2000	4000	0.67
8.30% GS 2040	3000	1500	1500	3000	0.84

Auction for the sale of securities will be held on February 4, 2011.
J. D. Desai Assistant Manager
Press Release : 2010-2011/1113

first published: Feb 3, 2011 03:16 pm

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Results of Underwriting Auctions