RBI to auction Rs 9000 cr bonds on Feb 9

Government will sell Rs 9,000 crore of bonds on February 9 as part of its borrowing programme for the year ending March 31, 2007. The Reserve Bank of India will conduct a price-based auction to sell Rs 6,000 crore of bonds maturing in 2014 and carrying a coupon of 7.37 per cent and Rs 3,000 crore of bonds maturing in 2036 for Rs 3,000 and carrying a coupon of 8.33 per cent. The bonds will be eligible for "when issued" trading (short selling).