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    Results of Underwriting Auctions

    Results of Underwriting Auctions

    January 06, 2011 / 19:09 IST

    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 SecurityNotified Amount Minimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate(paise per Rs.100)
    7.49% GS 201740002000200040002.00
    7.80% GS 202040002000200040004.25
    8.26% GS 202730001500150030003.00
    Auction for the sale of securities will be held on January 7, 2011.
    J.D. Desai Assistant Manager
    Press Release : 2010-2011/968
    first published: Jan 6, 2011 03:35 pm

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