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Floating rate bonds auction

NEW DELHI, AUG. 4. The Central Government today announced the sale of floating rate bonds of 11-year tenure for a notified amount of Rs. 6,000 crores and 30-year stock for Rs. 2,000 crores. The floating bonds, carrying an interest rate calculated by adding a spread to a variable base rate, would be sold through auction using uniform price format on August 9 in Mumbai.

— UNI

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