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<h1>India to Re-Issue 6.83% Government Stock, 2039, for Rs. 2,000 Crore; Auction Set for March 6, 2009</h1> The Government of India announced the re-issue of the 6.83% Government Stock, 2039, for Rs. 2,000 crore. The Reserve Bank of India will conduct the auction on March 6, 2009, using a multiple price auction method. Up to 5% of the stock will be allocated to non-competitive bidders, including eligible individuals and institutions. The stock will mature on January 19, 2039, with interest paid semi-annually. Non-competitive bids are open to entities not maintaining accounts with the RBI, with exceptions for certain banks. The scheme aims to encourage wider participation and retail holding of government securities.