<h1>India to Re-Issue Floating Rate Bonds 2024 and 7.17% Government Stock 2028; Total Rs. 11,000 Crore Auction Announced.</h1> The Government of India announced a re-issue auction for Floating Rate Bonds 2024 and 7.17% Government Stock 2028, with notified amounts of Rs. 3,000 crore and Rs. 8,000 crore, respectively. The total notified amount is Rs. 11,000 crore, with an option to retain an additional Rs. 1,000 crore for each security. The Reserve Bank of India will conduct the auctions on January 25, 2018, using a multiple price method. Up to 5% of the sale will be allotted to eligible individuals and institutions under a non-competitive bidding scheme. Results will be announced the same day, with payments due on January 29, 2018.