In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities market, the Government of India, in consultation with the Reserve Bank of India, hereby, releases the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrBs), for the second half of the fiscal year 2025-26 (October 01, 2025 to March 31, 2026). The issuance calendar is as under:

Calendar for Issuance of Government of India Dated Securities
(October 01, 2025 to March 31, 2026)
S.No.	Auction Week	Amount in (₹crore)	Security-wise Allocation
1	September 29-October 03, 2025	32,000	(i) 10 Year for ₹32,000 crore
2	October 06-10, 2025	28,000	(i) 15 Year for ₹16,000 crore
			(ii) 40 Year for ₹12,000 crore
3	October 13-17, 2025	30,000	(i) 5 Year for ₹18,000 crore
			(ii) 50 Year for ₹12,000 crore
4	October 27-31, 2025	32,000	(i) 3 Year for ₹9,000 crore
			(ii) 7 Year for ₹11,000 crore
			(iii) 30 Year for ₹7,000 crore
			(iv) 30 Year SGrB for ₹5,000 crore
5	November 03 -07, 2025	32,000	(i) 10 Year for ₹32,000 crore
6	November 10 -14, 2025	28,000	(ii) 15 Year for ₹16,000 crore
			(iii) 40 Year for ₹12,000 crore
7	November 17-21, 2025	30,000	(i) 5 Year for ₹18,000 crore
			(ii) 50 Year for ₹12,000 crore
8	November 24-28, 2025	32,000	(i) 3 Year for ₹9,000 crore
			(ii) 7 Year for ₹11,000 crore
			(iii) 30 Year for ₹7,000 crore
			(iv) 30 Year SGrB for ₹5,000 crore
9	December 01-05, 2025	32,000	(i) 10 Year for ₹32,000 crore
10	December 08-12, 2025	28,000	(i) 15 Year for ₹16,000 crore
			(ii) 40 Year for ₹12,000 crore
11	December 15-19, 2025	30,000	(i) 5 Year for ₹18,000 crore
			(ii) 50 Year for ₹12,000 crore
12	December 22-26, 2025	32,000	(i) 3 Year for ₹9,000 crore
			(ii) 7 Year for ₹11,000 crore
			(iii) 30 Year for ₹12,000 crore
13	December 29, 2025- January 02, 2026	32,000	(i) 10 Year for ₹32,000 crore
14	January 05-09, 2026	29,000	(i) 15 Year for ₹16,000 crore
			(ii) 40 Year for ₹13,000 crore
15	January 12-16, 2026	31,000	(i) 5 Year for ₹18,000 crore
			(ii) 50 Year for ₹13,000 crore
16	January 19-23, 2026	33,000	(i) 3 Year for ₹9,000 crore
			(ii) 7 Year for ₹11,000 crore
			(iii) 30 Year for ₹13,000 crore
17	January 26-30, 2026	32,000	(i) 10 Year for ₹32,000 crore
18	February 02-06, 2026	29,000	(i) 15 Year for ₹16,000 crore
			(ii) 40 Year for ₹13,000 crore
19	February 09-13, 2026	31,000	(i) 5 Year for ₹18,000 crore
			(ii) 50 Year for ₹13,000 crore
20	February 16-20, 2026	33,000	(i) 3 Year for ₹9,000 crore
			(ii) 7 Year for ₹11,000 crore
			(iii) 30 Year for ₹13,000 crore
21	February 23-27, 2026	32,000	(i) 10 Year for ₹32,000 crore
22	March 02-06, 2026	29,000	(i) 15 Year for ₹16,000 crore
			(ii) 40 Year for ₹13,000 crore
	Total	6,77,000

As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding 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, in consultation with the Reserve Bank of India, will continue to have the flexibility to bring about modifications in the above calendar in terms of indicatedamount, issuance period, maturities, etc. and to issue different types of instruments, including instruments having non-standard maturity, floating rate bonds (FRBs), inflation indexed bonds (IIBs), depending upon the requirement of the Government of India, evolving market conditions and other relevant factors, after giving due notice to the market. The calendar is subject to change, if circumstances so warrant, including for reasons such as intervening holidays. Such changes shall be communicated through Press Releases.

The Government of India, in consultation with the Reserve Bank of India, reserves the right to exercise the greenshoe option to retain additional subscription up to ₹2,000 crore against each of the securities indicated in the auction notifications.

The Government of India, in consultation with the Reserve Bank of India may also be conducting switch/buyback of dated securities through auction.

The auction of dated securities will be subject to the terms and conditions specified in the General Notification No. F.4(2)-B(W&M)/2018 dated March 26, 2025 issued by the Government of India, as amended from time to time.

Issuance calendar for government dated securities: scheduled auctions with retail non-competitive access and issuance flexibility. The Government of India, with the Reserve Bank of India, issues an indicative calendar for dated securities auctions (Oct 1, 2025-Mar 31, 2026) detailing weekly security-wise allocations including Sovereign Green Bonds; all auctions will offer a non-competitive bidding facility reserving five per cent for specified retail investors. The calendar may be modified and the Government may issue varied instrument types, exercise a greenshoe option to accept additional subscriptions, and conduct switches/buybacks, all subject to the controlling general notification and market notice.