Indian Government plans INR 29,000 crore ($3.78 billion) bond auction on May 31 in Mumbai.

The Indian Government plans to auction INR 29,000 crore ($3.78 billion) in government bonds on May 31. The Reserve Bank of India will conduct the auction in Mumbai, offering three lots: New Government Security 2029 for INR 12,000 crore, New GOI SGrB 2034 for INR 6,000 crore, and 7.34% Government Security 2064 for INR 11,000 crore. Both competitive and non-competitive bids will be submitted through the E-Kuber system, with results announced on May 31 and payments due on June 3. The securities will be eligible for "When Issued" trading in accordance with RBI guidelines.