<h1>India to Re-Issue Auction of Gov Stocks Worth Rs. 12,000 Crore on Dec 7; Payments Due by Dec 10.</h1> The Government of India announced the re-issue auction of four government stocks: 8.24% Stock 2027 for Rs. 3,000 crore, 7.17% Stock 2028 for Rs. 4,000 crore, 7.50% Stock 2034 for Rs. 2,000 crore, and 7.72% Stock 2055 for Rs. 3,000 crore. The total notified amount is Rs. 12,000 crore, with an option to retain an additional Rs. 1,000 crore per security. The Reserve Bank of India will conduct the auctions on December 7, 2018, using a multiple price method. Up to 5% of the stock will be allotted to eligible individuals and institutions through non-competitive bidding. Results will be announced the same day, with payments due by December 10, 2018.