MUMBAI: India will sell 150 billion rupees ($2.5 billion) of bonds on July 5, the Reserve Bank of India said in a statement on Monday.

It will sell 30 billion rupees of 7.28 percent 2019 bonds and 60 billion rupees of 7.16 percent 2023 bonds.

The government will also sell 30 billion rupees each of 8.97 percent 2030 bonds and 8.30 percent 2042 bonds.