New Delhi, Oct 14: Government will auction 15-year bonds worth Rs 5,000 crore on October 21, 2003. The bonds would carry a coupon rate of 5.69 per cent and would be sold through price-based auction using multiple price method, an official release said.

Up to five per cent or Rs 250 crore of the notified amount would be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in the auction of government securities.
The auction would be conducted by the reserve bank of India, Mumbai on October 21 and the results would be announced on the same day.

Bureau Report