Press Information Bureau

Government of India

Ministry of Finance

24-January-2013 16:54 IST

The report on Public Debt Management for the third quarter of 2012-13 (Oct-Dec 2012) has been released by the Ministry of Finance and will be placed on the Ministry’s website i.e. www.finmin.nic.in today. The said report is attached here with as well.

The present report pertains to the third quarter of the fiscal year 2012-13, viz., October-December 2012. It gives an account of the debt management and cash management operations during the quarter, and attempts a rationale for major activities. The report also tries to provide detailed information on various aspects of debt management. While all attempts have been made to provide authentic and accurate information, it is possible that some errors might have crept in inadvertently. Readers may inform us of such errors, as indeed their valuable suggestions, at [email protected].

The Middle Office was set-up in September 2008 in Department of Economic Affairs, Ministry of Finance, Government of India. With the objective of enhancing transparency of debt management operations, the Middle Office began publishing on its website a quarterly report titled “Public Debt Management - Quarterly Report” from the first quarter of the fiscal year 2010-11. The previous reports are available on the website of Ministry of Finance (http://finmin.nic.in/reports/Public_Debt_Management.asp).

Click here to See Report

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DSM/RS/rs

Public debt issuance and cash management in Oct-Dec 2012: rescheduled auctions, re issues to build liquidity, tight systemic liquidity. The report documents Q3 FY13 public debt operations: the Government issued dated securities and treasury bills in line with a pre announced calendar but later rescheduled Q4 auctions to reflect cash position; emphasis was placed on re issues to enhance secondary market liquidity, two new 8 and 30 year securities were introduced, WAM and weighted average yield of issuances declined slightly, and tight systemic liquidity prompted large net LAF borrowings while the Government reduced competitive T bill issuances, resulting in negative net competitive T bill issuance in Q3.