India's Government Will Sell $1.08 Billion 2015 Debt at 7.6%, Survey Shows

India will sell 50 billion rupees ($1.08 billion) of the 7.17 percent bond maturing in 2015 at 7.6 percent at an auction today, according to the median forecast in a Bloomberg News survey.

The government will also sell 50 billion rupees of 7.80 percent notes due in 2020 at 7.79 percent, 30 billion rupees of 8.24 percent paper due in 2027 at 8.31 percent and 20 billion rupees of the 8.30 percent 2040 bond at 8.37 percent, according to the eight banks and securities companies surveyed.

The Reserve Bank of India, which will hold the auction, is scheduled to release the results by 3 p.m. in Mumbai.

To contact the reporter on this story: V. Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net

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