In the underwriting auctions conducted on April 12, 2019 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) |
7.32% GS 2024 |
5,000 |
2520 |
2480 |
5,000 |
0.14 |
7.26% GS 2029 |
6,000 |
3003 |
2997 |
6,000 |
0.14 |
7.40% GS 2035 |
2,000 |
1008 |
992 |
2,000 |
1.47 |
New GS 2049 |
4,000 |
2016 |
1984 |
4,000 |
1.88 |
Auction for the sale of securities will be held on April 12, 2019. |
Ajit Prasad Assistant Adviser
Press Release : 2018-2019/2435
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