With a view to enabling institutional and retail investors to plan their investment in an efficient manner and providing transparency and stability in the Government securities market, it has been decided to continue with the system of releasing an indicative calendar for issuance of the Government of India securities. Accordingly, an indicative calendar for issue of dated securities for the first half of the year 2010-2011 covering the period from April 1, 2010 to September 30, 2010, as given below, is being issued in consultation with the Reserve Bank of India.
Calendar for Issuance of Government of India Dated Securities
(for the period April 1, 2010 to September 30, 2010)
| Sr. No. | Period of auction | Amount(Rs. Crore) | Term of the Security |
|---|---|---|---|
| 1 | April 5-9, 2010 | 12,000 | i) less than 5- year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 2 | April 12-16, 2010 | 13,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 3 | April 19-23, 2010 | 12,000 | i)5-9 year security for Rs.5,000-6,000 crore ii)10-14 year security for Rs.4,000-5,000 crore iii)15-19 year security for Rs.2,000-3,000 crore |
| 4 | April 26-30, 2010 | 12,000 | i)5-9 year security for Rs.5,000-6,000 crore ii)10-14 year security for Rs.4,000-5,000 crore iii)20-year and above security for Rs.2,000-3,000 crore |
| 5 | May 3-7, 2010 | 15,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore iv) 20-year and above security for Rs.2,000-3,000 crore |
| 6 | May 10-14, 2010 | 12,000 | i)5-9 year security for Rs.5,000-6,000 crore ii)10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 7 | May 17- 21, 2010 | 13,000 | i)5-9 year security for Rs.6,000-7,000 crore ii)10-14 year security for Rs.5,000-6,000 crore iii)15-19 year security for Rs.2,000-3,000 crore |
| 8 | May 24- 28, 2010 | 12,000 | i)5-9 year security for Rs.5,000-6,000 crore ii)10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 9 | May 31-June 4, 2010 | 13,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 10 | June 7- 11, 2010 | 11,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 11 | June 14-18, 2010 | 11,000 | i)Less than 5 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore |
| 12 | June 21- 25, 2010 | 15,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore iv) 20-year and above security for Rs.2,000-3,000 crore |
| 13 | June 28- July 2, 2010 | 13,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 14 | July 5- 9, 2010 | 12,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 15 | July 12-16, 2010 | 13,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 16 | July 26- 30, 2010 | 15,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.5,000-6,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore iv) 20-year and above security for Rs.2,000-3,000 crore |
| 17 | August 2-6, 2010 | 13,000 | i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 18 | August 9-13, 2010 | 12,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 19 | August 16-20, 2010 | 12,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 20 | August 23-27, 2010 | 12,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 21 | August 30-September 3, 2010 | 12,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| 22 | September 6-10, 2010 | 11,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
| 23 | September 20- 24, 2010 | 11,000 | i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
| Total | 2,87,000 |
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.
Variable rate securities may be issued depending upon the market conditions.
As in the past, the Central Government/Reserve Bank will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, maturity, etc., keeping in view the emerging requirements of the Government, market conditions and other relevant factors after giving due notice.
Government of India
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi - 110001
Dated, March 29, 2010
