<h1>India to Auction Rs. 3,000 Crore in 30-Year Government Bonds on Dec 28; Semi-Annual Interest Payments.</h1> The Government of India announced the sale of new 30-year government securities amounting to Rs. 3,000 crore. The auction will be conducted by the Reserve Bank of India in Mumbai on December 28, 2012, using a yield-based auction method with a uniform price. Up to 5% of the stock will be allocated to eligible non-competitive bidders. The securities will be issued on December 31, 2012, and will mature on December 31, 2042. Interest will be paid semi-annually, with the coupon rate determined by the auction's cut-off yield.