Press Information Bureau
Government of India
Ministry of Finance
31-December-2012 10:35 IST
In view of the cash position of Government of India, it has been decided to revise the indicative calendar for marketable dated securities for January-March 2013. The auction of dated securities for Rs. 12,000 crore scheduled in the week ending January 4, 2013 has been shifted to the week ending February 22, 2013.
Calendar for Issuance of Government of India Dated Securities
(January 1, 2013 to March 31, 2013) |
Sr. No. | Week of Auction | Amount in (Rs. Rs. Crore) | Security-wise allocation |
1 | January 14-18, 2013 | 12,000 | i) 05-09 Years for Rs. 3,000-4,000 crore |
ii) 10-14 Years for Rs. 5,000-6,000 crore |
iii) 15-19 Years for Rs. 2,000-3,000 crore |
2 | January 28-February 01, 2013 | 12,000 | i) 05-09 Years for Rs. 3,000-4,000 crore |
ii) 10-14 Years for Rs. 5,000-6,000 crore |
iii) 20 Years & Above for Rs. 2,000-3,000 crore |
3 | February 04-08, 2013 | 12,000 | i) 05-09 Years for Rs. 3,000-4,000 crore |
ii) 10-14 Years for Rs. 5,000-6,000 crore |
iii) 15-19 Years for Rs. 2,000-3,000 crore |
4 | February 11-15, 2013 | 12,000 | i) 05-09 Years for Rs. 3,000-4,000 crore |
ii) 10-14 Years for Rs. 5,000-6,000 crore |
iii) 20 Years & Above for Rs. 2,000-3,000 crore |
5 | February 18-22, 2013 | 12,000 | i) 05-09 Years for Rs. 3,000-4,000 crore |
ii) 10-14 Years for Rs. 5,000-6,000 crore |
iii) 15-19 Years for Rs. 2,000-3,000 crore |
| Total | 60,000 | |
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.
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DSM/RS/ka
Issuance calendar revision shifts a dated securities auction and confirms retail reservation and issuer flexibility to modify schedule. The issuance calendar for January-March 2013 reallocates auction timing, shifting an auction to the week ending February 22 and prescribing five weekly auctions with specified allocations across 5-9, 10-14, 15-19 and 20+ year maturities. Each auction provides a non-competitive bidding scheme reserving five per cent of the notified amount for specified retail investors. The Government and the Reserve Bank retain flexibility to modify notified amounts, issuance periods, maturities and instrument types with due notice.
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