Dated March 25, 2004
Schedule for Issuance of Treasury Bills/ Bonds under Market
Stabilisation Scheme (MSS)
With a view to providing transparency and stability in the financial markets,
it has been decided to release an indicative schedule for issuance of Treasury
Bills/dated securities under MSS covering period from April 1, 2004 to June
30, 2004. The schedule is as under:
The issuance of Treasury Bills under MSS will be undertaken
by increasing the notified amount for the regular auction of 91-day and 364-day
Treasury Bills. Thus, the issuances covered by the indicative schedule will
be undertaken in addition to the regular issuances of Treasury Bills and dated
securities.
The indicative schedule is subject to variations depending
on market conditions and other relevant factors. In addition to the proposed
issuances indicated in the schedule, the Reserve Bank will also have the flexibility
for additional issuances of Treasury Bills and dated securities depending upon
the liquidity condition and other relevant factors.
Alpana Killawala
Chief General Manager
Press Release: 2003-2004/1127
Indicative Schedule for Issuance
of T-Bills/dated securities under MSS
(for the period April 1, 2004
to June 30, 2004)
Period
|
Nature of Instrument
|
Tentative Auction Amount
|
April 2-7, 2004
|
Dated security with tenure
1-2 years
|
Rs. 5,000 crore
|
April 7, 2004
|
91-Day Treasury Bill
|
Rs. 1,500 crore
|
April 13, 2004
|
(i) 91-Day Treasury Bill
|
Rs.1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
April 21, 2004
|
91-Day Treasury Bills
|
Rs. 1,500 crore
|
April 26-30, 2004
|
Dated security with tenure
1-2 years
|
Rs. 5,000 crore
|
April 28, 2004
|
(i) 91-Day Treasury Bill
|
Rs. 1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
May 5, 2004
|
91- Day Treasury Bill
|
Rs. 1,500 crore
|
May 12, 2004
|
(i) 91-Day Treasury Bill
|
Rs. 1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
May 19, 2004
|
91-Day Treasury Bill
|
Rs. 1,500 crore
|
May 26, 2004
|
(i) 91-Day Treasury Bill
|
Rs. 1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
June 2, 2004
|
91-Day Treasury Bill
|
Rs. 1,500 crore
|
June 9, 2004
|
(i) 91-Day Treasury Bill
|
Rs. 1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
June 16, 2004
|
91-Day Treasury Bill
|
Rs. 1,500 crore
|
June 23, 2004
|
(i) 91-Day Treasury Bill
|
Rs. 1,500 crore
|
(ii) 364-Day Treasury Bill
|
Rs. 1,000 crore
|
June 30, 2004
|
91-Day Treasury Bill
|
Rs. 1,500 crore
|
Total
|
Rs. 35,500 crore
|
|