To enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government securities market, an indicative calendar for issuance of Government dated securities for the second half of the fiscal year 2021-22 (October 01, 2021 to March 31, 2022) has been prepared in consultation with the Government of India. The second half borrowing programme of the Government of India is expected to be completed by February 2022. The issuance calendar is as under:
Calendar for Issuance of Government of India Dated Securities (October 01, 2021 to March 31, 2022) |
Sr. No. |
Auction Week |
Amount in (₹ Crore) |
Security-wise Allocation |
1 |
September 27-October 01, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
2 |
October 04-08, 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
3 |
October 11-14, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
4 |
October 18-22, 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
5 |
October 25-29, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
6 |
November 08-12, 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
7 |
November 15-18, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
8 |
November 22-26, 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
9 |
November 29-December 03, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
10 |
December 06-10, 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
11 |
December 13-17, 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
12 |
December 20-24 2021 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
13 |
December 27-31 2021 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
14 |
January 03-07, 2022 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
15 |
January 10-14, 2022 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
16 |
January 17-21, 2022 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
17 |
January 24-28, 2022 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
18 |
January 31-February 04, 2022 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
19 |
February 07-11, 2022 |
24,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹7,000 crore |
20 |
February 14-18, 2022 |
24,000 |
i) 02 Years for ₹2,000 crore |
ii) 05 Years for ₹6,000 crore |
iii) 14 Years for ₹9,000 crore |
iv) 30 Years for ₹7,000 crore |
21 |
February 21-25, 2022 |
23,000 |
i) 10 Years for ₹13,000 crore |
ii) FRB ₹4,000 crore |
iii) 40 Years for ₹6,000 crore |
Total |
5,03,000 |
|
2. As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which 5 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 and floating rate bonds (FRBs), including CPI linked inflation linked bonds, 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 green-shoe option to retain additional subscription up to ₹2000 crore each against one or more security/ies indicated in the auction notification. 5. RBI will also be conducting switches of dated securities through auction on every third Monday of the month or at more frequent intervals. In case third Monday is a holiday, switch auction will be conducted on fourth Monday of the month. 6. 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: 2021-2022/937 |