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of <h1>India to Re-Issue Government Bonds Totaling Rs. 12,000 Crore via Auction on May 11, 2018.</h1> The Government of India announced the re-issue of four government stocks through a price-based auction, totaling a notified amount of Rs. 12,000 crore. The stocks include 6.84% due 2022, 7.17% due 2028, 7.40% due 2035, and 7.72% due 2055. An additional subscription of up to Rs. 1,000 crore may be retained. The Reserve Bank of India will conduct the auctions on May 11, 2018, using multiple price methods. Up to 5% of the stocks will be allocated to eligible individuals and institutions via non-competitive bidding. Results will be announced on the same day, with payments due by May 14, 2018.
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