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<h1>India to Re-Issue 8.07% Government Stock Worth Rs. 3,000 Crore; Auction on Nov 30, 2012, via RBI E-Kuber.</h1> The Government of India announced the re-issue of 8.07% Government Stock, 2017-JUL, for Rs. 3,000 crore. The Reserve Bank of India will conduct the auction on November 30, 2012, using a uniform price auction method. Up to 5% of the stock will be allocated to eligible non-competitive bidders. The stock, with a five-year tenure, will mature on July 3, 2017. Bids must be submitted electronically via the RBI's E-Kuber system. Interest will be paid semi-annually. Successful bidders are required to make payments by December 3, 2012, including accrued interest from July 3, 2012.
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