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of <h1>India to Reissue '7.56% Government Stock, 2014' for Rs. 8,000 Crore via RBI Auction on April 2, 2009</h1> The Government of India announced the reissue of '7.56 per cent Government Stock, 2014' for a total amount of Rs. 8,000 crore. The auction will be conducted by the Reserve Bank of India (RBI) on April 2, 2009, using a uniform price auction method. Up to 5% of the stock is reserved for non-competitive bidders, including eligible individuals and institutions. The stock, with a six-year tenure, will mature on November 3, 2014. Interest is set at 7.56% per annum, payable semi-annually. The scheme encourages wider participation in government securities through non-competitive bidding, with specific eligibility and operational guidelines.
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