After reviewing the cash position of the Central Government, the Reserve Bank of India in consultation with the Government of India, has revised the auction calendar for the issuance of Government dated securities for the remaining part of H2 of 2016-17 as under:
Calendar for Issuance of Government of India Dated Securities
(January 02, 2017 – February 10, 2017) |
| Sr. No. |
Week of Auction |
Amount ( crore) |
Security-wise allocation |
| 1 |
January 2-6, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| 2 |
January 9-13, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| 3 |
January 16-20, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| 4 |
January 23-27, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| 5 |
January 30- February 3, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| 6 |
February 6-10, 2017 |
11,000 |
i) 05-09 Years for 2,000-3,000 crore |
| ii) 10-14 Years for 5000-6,000 crore |
| iii) 15-19 Years for 1,000 -2,000 crore |
| iv) 20 Years & Above for 2,000-3,000 crore |
| Total |
66,000 |
|
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.
Like in the past, the Reserve Bank of India / 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 and floating rate instruments, depending upon the requirement of the Government of India, evolving market conditions and other relevant factors after giving due notice.
Ajit Prasad
Assistant Adviser
Press Release : 2016-2017/1742
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