Govt to auction 4 dated securities of Rs 15,000 cr on Friday

Government will sell four dated securities of total value Rs 15,000 crore on Friday, the Reserve Bank said today.
The dates securities to be put on block on June 12 are: 7.68 per cent maturing in 2023; 7.88 per cent in 2030; 7.95 per cent in 2032 and 8.17 per cent in 2044.
The respective sale values stand at Rs 3,000 crore; Rs 6,000 crore; Rs 3,000 crore and Rs 3,000 crore, RBI said.
Auctions will be conducted using multiple price method, RBI said.
Up to 5 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions.

The result of the auctions will be announced on June 12, 2015.