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Press Information Bureau
Government of India
Ministry of Finance
30-December-2011 19:08 IST
Issuance Calendar for Marketable Dated Securities for Jan-March 2011-12
It may be recalled that keeping in view the shortfall in other financing items, it was earlier decided to increase the Government market borrowings through dated securities provided in the Union Budget 2011-12 by Rs. 52,872 crore during the second half of 2011-12. On a review of the Government’s overall financing requirements, it has been decided, in consultation with the Reserve Bank of India, to modify the indicative calendar for issuance of Government dated securities during the second half of 2011-12, released on September 29, 2011, for the remaining period of 2011-12, i.e. January-March 2012. With this modification, the gross market borrowing through dated securities during 2011-12 will further increase by Rs.40,000 crore over the already announced increase of Rs.52,872 crore. Accordingly, the revised indicative calendar for issuance of Government dated securities for January-March 2012 will be as under:
Calendar for Issuance of Government of India Dated Securities (January 1, 2012 to March 31, 2012)
| |||
Sr. No. | Week of Auction | Amount in Rs. Crore | Security-wise allocation |
1 | January 2-6, 2012 | 14,000 | i) 5-9 Years for Rs. 4,000-5,000 cr. |
ii) 10-14 Years for Rs.6,000-7,000 cr. | |||
iii) 20 Years & Above for Rs. 3,000-4,000 cr. | |||
2 | January 9-13, 2012 | 14,000 | i) 5-9 Years for Rs. 4,000-5,000 cr. |
ii) 10-14 Years for Rs. 6,000-7,000 cr. | |||
iii) 15-19 Years for Rs. 3,000-4,000 cr. | |||
3 | January 16-20, 2012 | 14,000 | i) 5-9 Years for Rs. 4,000-5,000 cr. |
ii) 10-14 Years for Rs. 6,000-7,000 cr. | |||
iii) 20 years & Above for Rs. 3,000-4,000 cr. | |||
4 | January 23-27, 2012 | 13,000 | i) 5-9 Years for Rs. 3,000-4,000 cr. |
ii) 10-14 Years for Rs. 6,000-7,000 cr. | |||
iii) 15-19 Years for Rs. 3,000-4,000 cr. | |||
5 | January 30-February 3, 2012 | 13,000 | i) 5-9 Years for Rs.3,000-4,000 cr. |
ii) 10-14 Years for Rs. 6,000-7,000 cr. | |||
iii) 20 years & Above for Rs. 3,000-4,000 cr. | |||
6 | February 6-10, 2012 | 12,000
| i) 5-9 Years for Rs. 3,000-4,000 cr. |
ii) 10-14 Years for Rs. 5,000-6,000 cr. | |||
iii) 15-19 Years for Rs. 3,000-4,000 cr. | |||
7 | February 13-17, 2012 | 12,000 | i) 5-9 Years for Rs.3,000-4,000 cr. |
ii) 10-14 Years for Rs. 5,000-6,000 cr. | |||
iii) 20 years & Above for Rs. 3,000-4,000 cr. | |||
8 | February 20-24, 2012 | 12,000 | i) 5-9 Years for Rs. 3,000-4,000 cr. |
ii) 10-14 Years for Rs. 5,000-6,000 cr. | |||
iii) 15-19 Years for Rs. 3,000-4,000 cr. | |||
9 | March 5-9, 2012 | 12,000 | i) 5-9 Years for Rs. 3,000-4,000 cr. |
ii) 10-14 Years for Rs. 5,000-6,000 cr. | |||
iii) 20 Years & Above for Rs. 3,000-4,000 cr. | |||
As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which five per cent of the notified amount will be reserved for the specified retail investors.
Like in the past, the Government of India/ Reserve Bank will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, maturities etc. and to issue different types of instruments depending upon the requirement of the Government of India, evolving market conditions and other relevant factors after giving due notice.
DSM/GN
Issuance calendar for government dated securities revised, reallocating weekly auctions and expanding borrowing with retail non-competitive access. Revision of the Government issuance calendar for January-March 2012 reallocates weekly auctions across specified maturities and increases planned gross market borrowings after consultation with the Reserve Bank. All auctions include the non-competitive bidding scheme, reserving five percent of the notified amount for specified retail investors, and the Government and Reserve Bank retain flexibility to modify amounts, periods, maturities, and instrument types with due notice. of Press 'Enter' after typing page number.
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