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 Reserve Bank of India, in consultation with the Government of India, hereby, notifies the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrB), for the second half of the fiscal year 2024-25 (October 01, 2024 to March 31, 2025). The issuance calendar is as under: | Calendar for Issuance of Government of India Dated Securities | | (October 01, 2024 to March 31, 2025) | | Sr. No. | Auction Week | Amount in
(₹ Crore) | Security-wise Allocation | | 1 | September 30 - October 04, 2024 | 39,000 | i) 3 Year for ₹7,000 crore | | ii) 10 Year for ₹22,000 crore | | iii) 50 Year for ₹10,000 crore | | 2 | October 07 - 11, 2024 | 29,000 | i) 5 Year for ₹14,000 crore | | ii) 40 Year for ₹15,000 crore | | 3 | October 14 - 18, 2024 | 33,000 | i) 7 Year for ₹10,000 crore | | ii) 15 Year for ₹13,000 crore | | iii) 30 Year for ₹10,000 crore | | 4 | October 21 - 25, 2024 | 32,000 | i) 10 Year for ₹22,000 crore | | ii) 50 Year for ₹10,000 crore | | 5 | November 04 - 08, 2024 | 22,000 | i) 3 Year for ₹7,000 crore | | ii) 40 Year for ₹15,000 crore | | 6 | November 11 - 15, 2024 | 37,000 | i) 5 Year for ₹14,000 crore | | ii) 15 Year for ₹13,000 crore | | iii) 30 Year for ₹10,000 crore | | 7 | November 18 - 22, 2024 | 32,000 | i) 10 Year for ₹22,000 crore | | ii) 50 Year for ₹10,000 crore | | 8 | November 25 - 29, 2024 | 30,000 | i) 7 Year for ₹10,000 crore | | ii) 10 Year SGrB for ₹5,000 crore | | iii) 40 Year for ₹15,000 crore | | 9 | December 02 - 06, 2024 | 30,000 | i) 3 Year for ₹7,000 crore | | ii) 15 Year for ₹13,000 crore | | iii) 30 Year for ₹10,000 crore | | 10 | December 09 - 13, 2024 | 37,000 | i) 10 Year for ₹22,000 crore | | ii) 30 Year SGrB for ₹5,000 crore | | iii) 50 Year for ₹10,000 crore | | 11 | December 16 - 20, 2024 | 29,000 | i) 5 Year for ₹14,000 crore | | ii) 40 Year for ₹15,000 crore | | 12 | December 23 - 27, 2024 | 32,000 | i) 7 Year for ₹10,000 crore | | ii) 15 Year for ₹12,000 crore | | iii) 30 Year for ₹10,000 crore | | 13 | December 30, 2024 - January 03, 2025 | 32,000 | i) 10 Year for ₹22,000 crore | | ii) 50 Year for ₹10,000 crore | | 14 | January 06 - 10, 2025 | 22,000 | i) 3 Year for ₹7,000 crore | | ii) 40 Year for ₹15,000 crore | | 15 | January 13 - 17, 2025 | 36,000 | i) 5 Year for ₹14,000 crore | | ii) 15 Year for ₹12,000 crore | | iii) 30 Year for ₹10,000 crore | | 16 | January 20 - 24, 2025 | 32,000 | i) 10 Year for ₹22,000 crore | | ii) 50 Year for ₹10,000 crore | | 17 | January 27 - 31, 2025 | 30,000 | i) 7 Year for ₹10,000 crore | | ii) 10 Year SGrB for ₹5,000 crore | | iii) 40 Year for ₹15,000 crore | | 18 | February 03 - 07, 2025 | 22,000 | i) 15 Year for ₹12,000 crore | | ii) 30 Year for ₹10,000 crore | | 19 | February 10 - 14, 2025 | 39,000 | i) 3 Year for ₹7,000 crore | | ii) 10 Year for ₹22,000 crore | | iii) 50 Year for ₹10,000 crore | | 20 | February 17 - 21, 2025 | 34,000 | i) 5 Year for ₹14,000 crore | | ii) 30 Year SGrB for ₹5,000 crore | | iii) 40 Year for ₹15,000 crore | | 21 | February 24 - 28, 2025 | 32,000 | i) 7 Year for ₹10,000 crore | | ii) 15 Year for ₹12,000 crore | | iii) 30 Year for ₹10,000 crore | | Total | 6,61,000 | | 2. 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. 3. Like in the past, the Reserve Bank of India, in consultation with the Government 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. 4. The Reserve Bank of India, in consultation with the Government 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. 5. 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. 6. The auction of dated securities will be subject to the terms and conditions specified in the General Notification No. F.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time. (Puneet Pancholy)
Chief General Manager Press Release: 2024-2025/1164 |