In the auctions conducted on January 2, 2014 for Additional Competitive Underwriting (ACU) of the undernoted government 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 |
8.12 per cent GS 2020 | 4000 | 2000 | 2000 | 4000 | 1.48 |
8.24 per cent GS 2027 | 7000 | 3500 | 3500 | 7000 | 2.77 |
9.20 per cent GS 2030 | 2000 | 1000 | 1000 | 2000 | 2.74 |
8.30 per cent GS 2042 | 2000 | 1000 | 1000 | 2000 | 2.87 |
Auction for the sale of securities will be held on January 3, 2014.
Ajit Prasad
Assistant General Manager
Press Release : 2013-2014/1335
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