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of <h1>India to Re-Issue Rs. 17,000 Crore in Government Stocks via Auction; Bidding Concludes June 14, 2019.</h1> The Government of India announced the re-issue of five government stocks through a price-based auction, totaling Rs. 17,000 crore. The stocks include 7.00% due in 2021, 7.27% due in 2026, 7.57% due in 2033, 7.62% due in 2039, and 7.63% due in 2059. The Reserve Bank of India will conduct the auctions on June 14, 2019, using a multiple price method. Up to 5% of the stocks will be allocated to eligible individuals and institutions under a non-competitive bidding facility. Results will be announced the same day, with payments due by June 17, 2019.
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