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 2021-21 (April 1, 2021 to September 30, 2021)is being issued in consultation with the Reserve Bank of India. The issuance calendar is as under:
Calendar for Issuance of Government of India Dated Securities(April 1, 2021 to September 30, 2021)
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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, in consultation with theReserve 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 and Floating Rate Bonds (FRBs), including CPI linked inflation linked bonds, 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 green-shoe option to retain additional subscription upto
Rs6,000/8,000crorein each weekly auction depending upon the number of securities offered.
The Reserve Bank of India will also be conducting switches of dated securities through auction on third Monday of the each month. 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 F.No.4(2)–W&M/2018, dated March 27, 2018, issued by Government of India,as amended from time to time.