Ministry of Finance27-March, 2025 18:55 IST
Issuance Calendar for Marketable Dated Securities for April 2025 ­- September 2025

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities market, the Government of India, in consultation with the Reserve Bank of India, hereby, notifies the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrBs), for the first half of the fiscal year 2025-26 (April 01, 2025 to September 30, 2025). The issuance calendar is as under:

 

Calendar for Issuance of Government of India Dated Securities

(April 01, 2025 to September 30, 2025)

S.No.

Auction Week

Amount in (₹crore)

Security-wise Allocation

1

April 01-04, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

2

April 07-11, 2025

32,000

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

3

April 14-18, 2025

30,000

(i) 7 Year for ₹11,000 crore

(ii) 30 Year SGrB for ₹5,000 crore

(iii) 50 Year for ₹14,000 crore

4

April 21-25, 2025

27,000

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹12,000 crore

5

April 28 - May 02, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

6

May 05-09, 2025

32,000

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

7

May 12-16, 2025

25,000

(i) 7 Year for ₹11,000 crore

(ii) 50 Year for ₹14,000 crore

8

May 19-23, 2025

27,000

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹12,000 crore

9

May 26-30, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

10

June 02-06, 2025

32,000

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

11

June 09-13, 2025

30,000

(i) 7 Year for ₹11,000 crore

(ii) 30 Year SGrB for ₹5,000 crore

(iii) 50 Year for ₹14,000 crore

12

June 16-20, 2025

27,000

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹12,000 crore

13

June 23-27, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

14

June 30 - July 04, 2025

32,000

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

15

July 07-11, 2025

25,000

(i) 7 Year for ₹11,000 crore

(ii) 50 Year for ₹14,000 crore

16

July 14-18, 2025

27,000

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹12,000 crore

17

July 21-25, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

18

July 28 - August 01, 2025

32,000

 

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

19

August 04-08, 2025

 

25,000

(i) 7 Year for ₹11,000 crore

(ii) 50 Year for ₹14,000 crore

20

August 11-15, 2025

 

28,000

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹13,000 crore

21

August 18-22, 2025

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

22

August 25-29, 2025

32,000

 

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

23

 

September 01-05, 2025

 

25,000

 

(i) 7 Year for ₹11,000 crore

(ii) 50 Year for ₹14,000 crore

24

September 08-12, 2025

 

28,000

 

(i) 5 Year for ₹15,000 crore

(ii) 30 Year for ₹13,000 crore

25

September 15-19, 2025

 

36,000

(i) 3 Year for ₹6,000 crore

(ii) 10 Year for ₹30,000 crore

26

September 22-26, 2025

32,000

 

(i) 15 Year for ₹16,000 crore

(ii) 40 Year for ₹16,000 crore

 

Total

8,00,000

 

 

As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding 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, in consultation with the 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), 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.

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 ₹2,000 crore against each of the securities indicated in the auction notifications.

The Reserve Bank of India will also be conducting switches of dated securities through auction on the third Monday of every month or at more frequent intervals. In case the third Monday is a holiday, switch auction will be conducted on the 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)-B(W&M)/2018 dated March 26, 2025 issued by the Government of India, as amended from time to time.

 

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NB/KMN


(Release ID :269407)