Issuance Calendar for Marketable Dated Securities

Issuance Calendar for Marketable Dated Securities 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. It may be noted that Government of India securities amounting to Rs. 33,089 crore are due for redemption in the first half of the year 2009-2010. Furthermore, estimated coupon payments in the first half of 2009-2010 aggregate to Rs. 67,924 crore. Simultaneously, a separate Press Release is being released by the Reserve Bank of India regarding the Open Market Operations (OMO) and unwinding of MSS securities. The following indicative issuance calendar for issuance of the dated securities for the first half of the year 2009-2010 covering the period from April 1, 2009 to September 30, 2009, as given below, is being issued in consultation with the Reserve Bank of India. Calendar for Issuance of Government of India Securities (for the period April 1, 2009 to September 30, 2009) (Amount in Rs. crore) Sr. No. Period of auction Amount (Rs. Crore) Term of the Security 1 March 27-April 3 12,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore 2 April 3- 10 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 20-year and above security for Rs.4,000-5,000 crore 3 April 10-17 12,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.4,000-5,000 crore 4 April 17-24 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 20-year and above security for Rs.4,000-5,000 crore 5 May 1- 8 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 6 May 8-15 12,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore 7 May 15-22 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 8 May 22-29 12,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore 9 May 29-June 5 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 10 June 5-12 12,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 10-14 year security for Rs.2,000-3,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 11 June 12-19 12,000 i) 10-14 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 12 June 19-26 12,000 i) 5-9 year security for Rs.6,000-7,000 crore ii) 10-14 year security for Rs.3,000-4,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore 13 July 3-10 8,000 i) 10-14 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 14 July 10-17 10,000 i) 5-9 year security for Rs.7,000-8,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore 15 July 17-24 8,000 i) 10-14 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 16 July 24- 31 8,000 i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.2,000-3,000 crore 17 July 31-August 7 8,000 i) 10-14 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 18 August 7-14 8,000 i) 5-9 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 19 August 14-21 8,000 i) 5-9 year security for Rs.5,000-6,000 crore ii) 10-14 year security for Rs.2,000-3,000 crore 20 August 21- 28 7,000 i) 10-14 year security for Rs.4,000-5,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 21 August 28-September 4 8,000 i) 5-9 year security for Rs.5,000-6,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore 22 September 4-11 8,000 i) 10-14 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore 23 September 11-18 8,000 i) 5-9 year security for Rs.5,000-6,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore 24 September 18-25 8,000 i) 10-14 year security for Rs.5,000-6,000 crore ii) 20-year and above security for Rs.2,000-3,000 crore Total 2,41,000 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. BSC/BY/GN-100/09

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