In order to enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government securities market, the Reserve Bank of India, in consultation with the Government 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 01, 2023 to September 30, 2023) |
Sr. No. |
Auction Week |
Amount in (₹ Crore) |
Security-wise Allocation |
1 |
April 03-07, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
2 |
April 10-14, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
3 |
April 17-21, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
4 |
April 24-28, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
5 |
May 01 -05, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
6 |
May 08-12, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
7 |
May 15-19, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
8 |
May 22-26, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
9 |
May 29 - June 02, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
10 |
June 05-09, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
11 |
June 12-16, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
12 |
June 19-23, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
13 |
June 26-30, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
14 |
July 03-07, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
15 |
July 10-14, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
16 |
July 17-21, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
17 |
July 24-28, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
18 |
July 31 - August 04, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
19 |
August 07-11, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
20 |
August 14-18, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
21 |
August 21-25, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
22 |
August 28 - September 01, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
23 |
September 04-08, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
24 |
September 11-15, 2023 |
31,000 |
i) 07 Year for ₹7,000 crore |
ii) 14 Year for ₹12,000 crore |
iii) 40 Year for ₹12,000 crore |
25 |
September 18-22, 2023 |
33,000 |
i) 05 Year for ₹8,000 crore |
ii) 10 Year for ₹14,000 crore |
iii) 30 Year for ₹11,000 crore |
26 |
September 25-29, 2023 |
39,000 |
i) 03 Year for ₹8,000 crore |
ii) 07 Year for ₹7,000 crore |
iii) 14 Year for ₹12,000 crore |
iv) 40 Year for ₹12,000 crore |
Total |
8,88,000 |
|
2. 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. 3. Like in the past, the Reserve Bank of India in consultation with the Government 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), 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. 4. The Reserve Bank of India, in consultation with the Government 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 auction notification. 5. 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. 6. The issuance of Sovereign Green Bonds will be announced in the second half of the fiscal year 2023-24. 7. The auction of dated securities will be subject to the terms and conditions specified in the General Notification No. F.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time. (Yogesh Dayal) Chief General Manager Press Release: 2022-2023/1936 |