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of <h1>India to Re-issue Four Government Stocks via Auction on June 10, 2016; Includes Non-Competitive Bidding Facility.</h1> The Government of India announced the re-issue of four government stocks through a price-based auction. The stocks include 7.80% Government Stock 2021 for Rs. 3,000 crore, 7.59% Government Stock 2029 for Rs. 8,000 crore, 7.50% Government Stock 2034 for Rs. 2,000 crore, and 8.17% Government Stock 2044 for Rs. 2,000 crore. The Reserve Bank of India will conduct the auction on June 10, 2016, using the multiple price method. Up to 5% of the stocks will be allotted to eligible individuals and institutions under the non-competitive bidding facility. Results will be announced on the same day, with payment due by June 13, 2016.
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