Calendar for issue of dated securities for
the First Half of 2008-09
With a view to enabling institutional and retail investors to plan their
investment in a better manner and also for 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 Government of India
securities. Accordingly, an indicative issuance calendar for issue of dated
securities for the first half of the year 2008-2009 covering the period from
April 1, 2008 to September 30, 2008 (as given below) is being issued in
consultation with the Government.
Calendar for Issuance of Government of India Securities
(for the Period April 1, 2008 to September 30, 2008)
Sr. No.
Period of auction
Amount (Rs. Crore)
Term of the Security
1.
April 4-11, 2008
10,000
i) 5-9 yr bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
2.
April 18-25, 2008
10,000
i) 10-14 year bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
3.
May 2-9, 2008
10,000
i) 5-9 yr bond for 6000 Crs
ii) 20-year and above Bond for 4000 Crs
4.
May 16-23, 2008
10,000
i) 10-14 year bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
5.
May 30-June 6, 2008
10,000
i) 10-14 yr bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
6.
June 13-20, 2008
6,000
15-19 yr bond for 6000 Crs
7.
July 4-11, 2008
10,000
i) 10-14 yr bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
8.
July 18-25, 2008
6,000
i) 15-19 yr bond for 6000 Crs
9.
August 1-8, 2008
10,000
i) 10-14 yr bond for 6000 Crs
ii) 20-yr and above bond for 4000 Crs
10.
August 14-22, 2008
6,000
i) 15-19 yr bond for 6000 Crs
11.
September 5-12, 2008
8,000
i)10-14 yr bond for 5000 Crs
ii) 20-yr and above bond for 3000 Crs
Total
96,000
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 specified retail investors.
Variable rate Bonds may be issued depending upon the market conditions.
The issuances of Treasury Bills/dated securities, if any, under the Market Stabilization Scheme (MSS) would be in addition to the above Issuance calendar.
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.
