India Announced Issuance Calendar for Marketable Dated Securities
OREANDA-NEWS. March 28, 2011. With a view to enabling institutional and retail investors to plan their investment in an efficient manner and providing transparency and stability in the Government securities market, it has been decided to continue with the system of releasing the indicative calendar for issuance of the Government of India securities. Accordingly, an indicative calendar for issue of dated securities for the first half of the year 2011-2012 covering the period from April 1, 2011 to September 30, 2011, as given below, is being issued in consultation with the Reserve Bank of
Calendar for Issuance of Government of India Dated Securities (for the period April 1, 2011 to September 30, 2011)
Sr. No. |
Period of auction |
Amount (Rs. Crore) |
Term of the Security |
1 |
April 4-8, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
2 |
April 11-15, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
3 |
April-18-22, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
4 |
May 2-6, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
5 |
May 9-13, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
6 |
May 16-20, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
7 |
May 23-27, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
8 |
May 30-June 3, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
9 |
June 6-10, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
10 |
June 20-24, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
11 |
June 27-July 1, 2011 |
15,000 |
5-9 year security for Rs.5,000-6,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore 20-year and above security for Rs.2,000-3,000 crore |
12 |
July 4-8, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
13 |
July 11-15, 2011 |
12,000 |
5-9 year security for Rs.5,000-6,000 crore 10-14 year security for Rs.4,000-5,000 crore 20-year and above security for Rs.2,000-3,000 crore |
14 |
July 18-22, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
15 |
July 25-29, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20- year and above security for Rs.2,000-3,000 crore |
16 |
August 1-5, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 15-19 year security for Rs.2,000-3,000 crore |
17 |
August 8-12, 2011 |
12,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.5,000-6,000 crore 20-year and above security for Rs.2,000-3,000 crore |
18 |
August 22-26, 2011 |
11,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.4,000-5,000 crore 15-19 year security for Rs.2,000-3,000 crore |
19 |
August 29-- September 2, 2011 |
11,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.4,000-5,000 crore 20-year and above security for Rs.2,000-3,000 crore |
20 |
September 5-9, 2011 |
11,000 |
5-9 year security for Rs.4,000-5,000 crore 10-14 year security for Rs.4,000-5,000 crore 15-19 year security for Rs.2,000-3,000 crore |
21 |
September 19-23, 2011 |
10,000 |
5-9 year security for Rs.3,000-4,000 crore 10-14 year security for Rs.4,000-5,000 crore 20-year and above security for Rs.2,000-3,000 crore |
Total |
2,50,000 |
|
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.
Variable rate securities may be issued depending upon the market conditions.
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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