RBI sets underwriting commission for auction

Thu, Nov 5 06:56 PM

The Reserve Bank of India (RBI) on Thursday said it fixed an underwriting commission of 0.0069 rupee per 100 rupees for the 7.32 percent 2014 bonds and 0.0148 rupee per 100 rupees for the 6.35 percent 2020 bonds.

It also fixed an underwriting commission of 0.0301 rupee per 100 rupees for the 7.5 percent 2034 bonds. All three bonds will be auctioned on Friday as part of the government's borrowing program.

(Reporting by Mumbai Treasury Desk)

(For more news on Reuters Money visit http://www.reutersmoney.in)

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