OREANDA-NEWS. December 8, 2011. In the auctions conducted on December 8, 2011 for Additional Competitive Underwriting (ACU) of the following 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)

7.99 % GS 2017

2000

1008

992

2000

0.90

Floating rate Bonds 2020

2000

1008

992

2000

3.77

9.15 % GS 2024

6000

3003

2997

6000

0.87

New 30 year GS 2041

3000

1512

1488

3000

1.33

Auction for the sale of securities will be held on December 9, 2011.