Ministry of Finance

PRESS COMMUNIQUE


Issuance Calendar for Marketable Dated Securities for April 2023 - September 2023

Posted On: 29 MAR 2023 9:28PM by PIB Delhi

In order to enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government Securities market, Government of India, in consultation with the Reserve Bank of India, hereby notifies the  indicative calendar for issuance of Government dated securities for the first half of the fiscal year 2023-24 (April 01, 2023 to September 30, 2023).  The issuance calendar is as under:

Calendar for Issuance of Government of India Dated Securities

(April 1, 2023 to September 30, 2023)

Sr. No.

Auction Week

Amount in

 (Rs crore)

Security-wise allocation

 

1

 

April 03-April 07, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

2

 

April 10-April 14, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

3

 

April 17-April 21, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

4

 

April 24-April 28, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

5

 

May 01-May 05, 2023

 

33,000
  1.   5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

6

 

May 08-May 12, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

7

 

May 15-May 19, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

8

 

May 22-May 26, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

9

 

May 29-June 02, 2023

 

33,000
  1.   5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

10

 

June 05-June 09, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

11

 

June 12-June 16, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

12

 

June 19-June 23, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

13

 

June 26-June 30, 2023

 

33,000
  1.   5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

14

 

July 03 – July 07, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

15

 

July 10 – July 14, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

16

 

July 17 – July 21, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

17

 

July 24 – July 28, 2023

 

33,000
  1.   5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

18

 

July 31 – August 04, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

19

 

August 07 – August 11, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

20

 

August 14 – August 18, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

21

 

August 21 – August 25, 2023

 

33,000
  1.   5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

22

 

August 28 – September  01, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

23

 

September 04 -September 08, 2023

 

33,000
  1. 5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

24

 

September 11 -September 15, 2023

 

31,000
  1. 7 Year security - Rs 7,000 crore
  2. 14 Year security - Rs 12,000 crore
  3. 40 Year security - Rs 12,000 crore

 

 

25

 

September 18 -September 22, 2023

 

33,000
  1.    5 Year security - Rs 8,000 crore
  2. 10 Year security - Rs 14,000 crore
  3. 30 Year security  - Rs 11,000 crore

 

26

 

September 25 -September 29, 2023

 

39,000
  1. 3 Year security - Rs 8,000 crore
  2. 7 Year security - Rs 7,000 crore
  3. 14 Year security - Rs 12,000 crore
  4. 40 Year security - Rs 12,000 crore

 

Total

8,88,000

 

 

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 of India 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, including instruments having non-standard maturity, floating rate bonds (FRBs), CPI linked inflation indexed bonds (IIBs) etc., 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 green-shoe option to retain additional subscription up to Rs 2,000 crore  against each of the securities indicated in auction notification.

The Reserve Bank of India will also be conducting switches of dated securities through auction on third Monday of every month or at more frequent intervals. In case the third Monday is a holiday, switch auction will be conducted on fourth Monday of the month.

The issuance of Sovereign Green Bonds will be announced in the second half of the fiscal year 2023-24.

The auction of dated securities will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time.

****

PPG/KMN



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