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of <h1>India to Re-Issue 8.12% Government Stock, 2020, Worth Rs. 3,000 Crore; Auction on Dec 28, 2012.</h1> The Government of India announced the re-issue of 8.12% Government Stock, 2020, for a total of Rs. 3,000 crore. The auction will be conducted by the Reserve Bank of India in Mumbai on December 28, 2012, using a uniform price auction method. Up to 5% of the stock will be allocated to non-competitive bidders. The stock has an eight-year tenure, maturing on December 10, 2020, with interest paid semi-annually. Successful bidders must make payments by December 31, 2012, which will include accrued interest from December 10 to December 30, 2012.
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