Results of Underwriting Auctions

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	Additional Competitive Underwriting Amount Accepted	Total Amount underwritten	ACU Commission Cut-off rate (paise per Rs.100)
7.49% GS 2017	4000	2000	2000	4000	2.00
7.80% GS 2020	4000	2000	2000	4000	4.25
8.26% GS 2027	3000	1500	1500	3000	3.00

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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

English

Markets

News

Personal Finance

Mutual Funds

Commodities

Media

Invest Now

Specials

Results of Underwriting Auctions