Mumbai: The government will raise Rs8,000 crore through sale of two bonds next week.

The government will sell 8.24 per cent 2018 stock worth Rs5,000 crore and another government paper with a coupon rate of 7.95 per cent and maturing in 2032, worth Rs3,000 crore.

The auction will be conducted by the Reserve Bank on September 12 in Mumbai, an official release said.

The bonds would be sold through a price-based auction using multiple price method, it said, adding up to 5 per cent of the notified amount of sale of stock would be allotted to eligible individuals and institutions on non-competitive basis.