Mumbai, June 17 -- The Centre has announced the sale (re-issue) of government securities totalling Rs 27,000 crore, according to information provided by Reserve Bank of India (RBI).

The auction will be split into two tranches of Rs 15,000 crore at 6.75 per cent Government Security (GS) maturing in 2029, and Rs 12,000 crore at 7.09 per cent GS maturing in 2054, the Finance Ministry notification said.

Additionally, the Centre will have the option to retain subscriptions of up to Rs 2,000 crore against the above securities.

A "re-issue" means the RBI is selling more of a bond that is already available in the securities market. This move is part of the government's regular borrowing program.

The auction will be conducted by the Reserve Ba...