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    <title>Auction for Sale (Re-issue) of ‘8.20 per cent Government Stock, 2025’</title>
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    <description>The re-issue will be sold by a price-based uniform price auction through the Reserve Bank of India&#039;s Mumbai office with up to five percent reserved for eligible applicants under a non-competitive bidding scheme. Bids are to be submitted electronically on the E-Kuber system within prescribed time windows; the Stock is eligible for &quot;When Issued&quot; trading. The instrument carries a fixed thirteen-year tenure from the original issue and will be repaid at par on maturity; payment by successful bidders on the re-issue date will include accrued interest from the original issue date and interest is paid semiannually.</description>
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