Issuance Calendar for Marketable Dated Securities
With a view to enabling institutional and retail investors to plan their investment in a better manner and 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 the Government of India securities. Accordingly, an indicative calendar for issue of dated securities for the second half of the year 2009-2010 covering the period from October 1, 2009 to March 31, 2010, as given below, is being issued in consultation with the Reserve Bank of India.
Calendar for Issuance of Government of India Dated Securities
(for the period October 1, 2009 to March 31 2010)
|
Sr. No. |
Period of auction |
Amount (Rs. Crore) |
Term of the Security |
|
1 |
October 1-9 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
2 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
|
|
October 9-16 |
|||
|
3 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
|
October 16-23 |
|||
|
4 |
9,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
|
October 30-Nov 6 |
|||
|
5 |
November 6-13 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
|
6 |
November 13-20 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
7 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
|
Nov 27-Dec 4 |
|||
|
8 |
December 4-11 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
|
9 |
December 11-18 |
9,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
10 |
January 1- 8 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 20-year and above security for Rs.2,000-3,000 crore |
|
11 |
January 8- 15 |
10,000 |
i) 5-9 year security for Rs.3,000-4,000 crore ii) 10-14 year security for Rs.4,000-5,000 crore iii) 15-19 year security for Rs.2,000-3,000 crore |
|
12 |
January 15-22 |
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 |
|
13 |
January 29- Feb 5 |
8,000 |
i) 10-14 year security for Rs. 5,000-6,000 crore ii) 15-19 year security for Rs.2,000-3,000 crore |
|
Total |
1,23,000 |
||
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.
CAclubindia
