source: Reuters

NEW DELHI, Nov 3 (Reuters) - India will auction government bonds totalling 100 billion rupees ($2.05 billion) on Nov. 7, the finance ministry said on Monday.

It will sell the 8.24 percent 2018 government bond for 60 billion rupees, and another 8.28 percent 2032 bond worth 40 billion rupees.

Both will be sold through a price-based auction using the multiple price method, it said.

The government also plans to buy back 6.65 percent 2009 government bonds worth 50 billion rupees and another 5.48 percent 2009 government bond worth 50 billion rupees on Nov. 6. Both were issued earlier under the market intervention scheme.

($1=48.7 rupees)

(Reporting by Rajkumar Ray) Keywords: INDIA BOND/AUCTION XX:ams951135..4.0.-1.t.fip.XX.0.SZ.ukbp-xxnfip01a,ukbp-xxnfip01b#XP:ukbp-xxnfip01b ~

(rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2008. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.