Ministry of Finance
azadi ka amrit mahotsav

Issuance Calendar for Marketable Dated Securities for April 2022 - September 2022

Posted On: 31 MAR 2022 7:31PM 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, an indicative calendar for issuance of Government dated securities for the first half of the fiscal year 2022-23 (April 1, 2022 to September 30, 2022) has been prepared in consultation with the Reserve Bank of India.  The issuance calendar is as under:

Calendar for Issuance of Government of India Dated Securities

(April 01, 2022 to September 30, 2022)

 

Sr. No.

Auction Week

Amount in

(` crore)

Security-wise allocation

1

April 04- April 08, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

2

April 11- April 15, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

3

April 18- April 22, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

4

April 25- April 29, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

5

May 02- May 06, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

6

May 09- May 13, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

7

May 16- May 20, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

8

May 23- May 27, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

9

May 30- June 03, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

 

 

Sr. No.

Auction Week

Amount in

(` Crore)

Tenor-wise allocation

10

June 06- June 10, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

11

June 13- June 17, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

12

June 20- June 24, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

13

June  27- July 01, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

14

July 04- July 08, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

15

July 11- July 15, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹ 10,000 crore

iii) 30 Years for ₹ 9,000 crore

iv)  FRB ₹ 4,000 crore

16

July 18- July 22, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

17

July 25-  July 29, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹  11,000 crore

iii) 30 Years for ₹  8,000 crore

iv)  FRB ₹ 4,000 crore

18

August 01- August 05, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

19

August 08- August 12, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹  11,000 crore

iii) 30 Years for ₹  8,000 crore

iv)  FRB ₹ 4,000 crore

 

20

August 15- August 19, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

21

August 22-  August 26, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹  11,000 crore

iii) 30 Years for ₹  8,000 crore

iv)  FRB ₹ 4,000 crore

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sr. No.

Auction Week

Amount in

(` Crore)

Tenor -wise allocation

22

August 29 - September 02, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

23

September 05 - September 09, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹  11,000 crore

iii) 30 Years for ₹  8,000 crore

iv)  FRB ₹ 4,000 crore

24

September 12 – September 16, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

25

September 19 – September 23, 2022

32,000

i)  05 Years for ₹ 9,000 crore

ii)  14 Years for ₹  11,000 crore

iii) 30 Years for ₹  8,000 crore

iv)  FRB ₹ 4,000 crore

26

September 26 – September 30, 2022

33,000

i)  02 Years for ₹ 4,000 crore

ii) 07 Years for ₹ 7,000 crore

iii) 10 Years for ₹ 13,000 crore

iv) 40 Years for ₹ 9,000 crore

Total

8,45,000

 

 

 

 

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 greenshoe option to retain additional subscription up to ₹2000 crore each against one or more securities indicated in the auction notification.

The Reserve Bank of India 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.

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.

The Government of India and the Reserve Bank of India are working jointly in bringing out a Framework for issuance of Sovereign Green Bonds, as announced by the Hon’ble Finance Minister in her Budget Speech on February 1, 2022. The issuance of Sovereign Green Bonds will be announced once the preparatory work is completed.

As announced in the Union Budget 2022-23, the budgeted gross market borrowing through dated securities for the FY 2022-23 is Rs 14,95,000 crore.  Taking into account the switch operations conducted on Jan 28, 2022, the gross market borrowing through dated securities for the FY 2022-23 is expected at Rs 14,31,352 crore.

 

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RM/KMN



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