<h1>Government stock re-issue auction: multiple-price bidding with reserved non-competitive allotment and weighted average allocation mechanism.</h1> Re-issue of 8.60 per cent Government Stock, 2028 will be sold by a price-based multiple price auction via RBI's E-Kuber system; payment by successful bidders is on the re-issue date and interest accrues from the original issue date, paid half-yearly. Up to 5% of the notified amount is reserved for non-competitive bids under a specified scheme: eligible investors submit single bids via banks or PDs, allotment to non-competitive bidders is at the weighted average auction yield/price, pro rata allocation applies if oversubscribed, and securities are issued in SGL/CSGL form.