India to auction 100 bln rupees of bonds on May 23

MUMBAI, May 16 (Reuters) - India will auction 100 billion rupees ($2.4 billion) of government bonds on May 23, the central bank said on Friday.

The central bank said it would auction 60 billion rupees of 8.24 percent 2018 bonds and 40 billion rupees of 8.28 percent 2032 bonds.

Both bonds would be sold through a price-based auction using multiple price method, the central bank said in a statement. ($1=42.5 rupees) (Reporting by Rajkumar Ray; Editing by John Mair)