Date:08/02/2005 URL: http://www.thehindubusinessline.com/2005/02/08/stories/2005020801960600.htm

Back Cut-off price for bonds

Our Bureau

MUMBAI: The cut-off price for Rs 5,000 crore auction of the 8.35 per cent 2022 paper was fixed at Rs 109.75 (7.3427 per cent YTM).

The auction received a total of 355 competitive bids amounting to Rs 13,739.50 crore of which 17 bids worth Rs 4,956.95 crore were accepted. Twelve non-competitive bids amounting to Rs 43.076 crore were received and accepted. The amount of underwriting accepted from PDs was Rs 3,225 crore.