OREANDA-NEWS. May 05, 2011. In the auctions conducted on May 5, 2011 for "7.59 per cent Government Stock 2016", "8.13 per cent Government Stock 2022" and "8.26 per cent Government Stock 2027"for Additional Competitive Underwriting (ACU) of the captioned 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)

7.59% GS 2016

4000

2016

1984

4000

6.90

8.13% GS 2022

5000

2520

2480

5000

4.80

8.26% GS 2027

3000

1512

1488

3000

5.76

Auction for the sale of securities will be held on May 6, 2011.