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 Security

Notified Amount

Minimum Underwriting Commitment (MUC) Amount

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Results of Underwriting Auctions