News: India to borrow Rs 80 bn on Aug 18

(RTR 11/08/2006) New Delhi - The Indian government said the RBI will auction the 8.33 per cent, 2036 bond for Rs 30 billion, and the 8.07 per cent bond maturing in 2017 for Rs 50 billion on August 18.

The lastest issues are part of the government's borrowing plan for Aug 14-22. The Reserve Bank of India will conduct a price-based auction using the multiple price method.

Both stocks are eligible for 'when issued' trading.