Results of Underwriting Auctions Conducted on June 29, 2016

All Banking Updates

In the underwriting auctions conducted on June 29, 2016 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
(paise per ₹ 100)
7.68% GS 2023 3,000 1,512 1,488 3,000 0.13
7.59% GS 2026 8,000 4,011 3,989 8,000 0.19
7.50% GS 2034 2,000 1,008 992 2,000 0.47
7.72% GS 2055 2,000 1,008 992 2,000 1.00
Auction for the sale of securities will be held on June 30, 2016.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/3033