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of <h1>India to Reissue '8.20% Government Stock, 2022' for 4,000 Crore; Auction on May 14 by RBI</h1> The Government of India announced the reissue of '8.20 per cent Government Stock, 2022' for Rs. 4,000 crore. The Reserve Bank of India (RBI) will conduct the auction on May 14, 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 tenure of 15 years starting from February 15, 2007, will mature on February 15, 2022. Interest will be paid semi-annually. The scheme encourages wider participation by allowing non-competitive bids from various entities under specific guidelines.
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