India to Re-Issue '6.05% Government Stock, 2019' for Rs. 8,000 Crore via Price-Based Auction on March 6, 2009
The Government of India announced the re-issue of '6.05% Government Stock, 2019' for Rs. 8,000 crore, with the sale conducted via a price-based auction by the Reserve Bank of India on March 6, 2009. Up to 5% of the stock will be allocated to eligible non-competitive bidders. The stock, with a ten-year tenure, will mature on February 2, 2019, and interest will be paid semi-annually. The auction results will be announced on March 6, 2009, with payments due by March 9, 2009. Non-competitive bidding is open to certain eligible investors, with specific guidelines for participation and allotment.
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