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Source: Reserve Bank of India

In the underwriting auctions conducted on November 20, 2020 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)
4.48% GS 2023 6,000 3003 2997 6,000 0.02
GoI FRB 2033 2,000 1008 992 2,000 0.60
6.22% GS 2035 9,000 4515 4485 9,000 0.54
6.67% GS 2050 5,000 2520 2480 5,000 0.90
Auction for the sale of securities will be held on November 20, 2020.

Ajit Prasad
Director   

Press Release: 2020-2021/665

MIL OSI Global Banks