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of <h1>India to Re-Issue Four Government Securities via RBI Auction on May 12, 2023; Payment Due May 15.</h1> The Government of India announced the re-issue of four government securities through auctions: 6.99% GS 2026 for Rs. 8,000 crore, 7.17% GS 2030 for Rs. 7,000 crore, 7.41% GS 2036 for Rs. 12,000 crore, and 7.40% GS 2062 for Rs. 12,000 crore. The auctions, conducted by the Reserve Bank of India, will occur on May 12, 2023. The government may retain an additional Rs. 2,000 crore for each security. Up to 5% will be allotted to eligible individuals and institutions. Bids must be submitted electronically, and results will be announced on the auction day. Payment is due on May 15, 2023.
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