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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 second half of the year 2006-2007 covering the period from October 1, 2006 to March 31, 2007 (as given below) is being issued in consultation with the Government.
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Sr.
No. |
Period of Auction |
Amount
(Rs. Crore) |
Term of the Security |
| 1. |
October 6-13, 2006 |
9,000 |
i) 10-14 year security for Rs.6,000 crore
ii) 20-year and above security for Rs. 3,000 crore
|
| 2. |
November 3-10, 2006 |
9,000 |
i) 5-9 year security for Rs.6,000 crore
ii) 20-year and above security for Rs. 3,000 crore
|
| 3. |
November 17-24, 2006 |
5,000 |
10-14 year security for Rs.5,000 crore
|
| 4. |
December 1-8, 2006 |
9,000 |
i) 5-9 year security for Rs.6,000 crore
ii) 20-year and above security for Rs. 3,000 crore |
| 5. |
January 5-12, 2007 |
9,000 |
i) 10-14 year security for Rs.5,000 crore
ii) 20-year and above security for Rs. 4,000 crore |
| 6. |
January 18-25, 2007
|
5,000
|
15-20 year security for Rs.5,000 crore |
| 7. |
February 2-9, 2007
|
9,000 |
i) 5-9 year security for Rs.6,000 crore
ii) 20-year and above security for Rs. 3,000 crore |
| 8. |
March 2-9, 2007 |
8,000 |
i) 10-14 year security for Rs.5,000 crore
ii) 20-year and above security for Rs. 3,000 crore |
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Total |
63,000 |
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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.
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