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of <h1>India Reissues 8.97% Government Stock, 2030; Auction by RBI Set for November 30, 2012, in Mumbai.</h1> The Government of India has announced the re-issue of the 8.97% Government Stock, 2030, with a nominal value of Rs. 3,000 crore. The auction will be conducted by the Reserve Bank of India in Mumbai 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 tenure of 19 years, will mature on December 5, 2030. Interest will be paid semi-annually at a rate of 8.97% per annum. Successful bidders must make payments by December 3, 2012.
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