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This is an archive article published on September 2, 2009

India cbank sets min underwriting commitment

RBI sets the minimum underwriting commitment at 1.39 billion rupees for each primary dealer.

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The Reserve Bank of India (RBI) on Wednesday said it had set the minimum underwriting commitment at 1.39 billion rupees for each primary dealer at Friday’s auction of both the 6.49 per cent 2015 bond and the 6.90 per cent 2019 bond.

It set a minimum underwriting commitment of 560 million rupees at the auction of 8.24 per cent 2027 bonds,it said in a statement.

 

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