Issuance Calendar for Marketable Dated Securities for 19th October 2020– 31st March 2021

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To operationalize the Special Window to States for meeting the GST Compensation Cess shortfall of` ₹1,10,000 crore the GoI borrowing calendar is being modified in consultation with RBI. For the remaining period of the fiscal year 2020-21 (October 19, 2020 to March 31, 2021) GoI will  borrowan aggregate amount of  ₹ 4,88,000 crore. The additional amount for meeting the GST compensation shortfall shall be raised equally @ ₹55,000 crore under the 3 year and 5 year tenors.

An indicative calendar for issuance of Government dated securities for remaining part of fiscal year 2020-21 (October 19, 2020 to March 31, 2021)is as under:

Calendar for Issuance of Government of India Dated Securities

(October 19, 2020 to March 31, 2021)
S.No Week of Auction Amount in

(₹ Crore)

 Security-wise Allocation
1 October 19-23, 2020

 

 31,000 i)   02 Years for ₹3,000 crore
ii)  05 Years  for ₹12,000 crore
iii)10 Years for ₹9,000 crore
iv) 40 Years for ₹7,000 crore
2  

October 26-30, 2020

 

 23,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹3,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
3 November 02-06, 2020 29,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹9,000 crore
iv) 40 Years for ₹ 7,000 crore
4  

November 16-20, 2020

 22,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
 

5

  

November 23-27, 2020

 

  

28,000

 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 7,000 crore
6 November 30, 2020 –December 04, 2020 22,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
7 December 07-11, 2020 28,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹9,000 crore
iv) 40 Years for ₹ 6,000 crore
8 December 14-18, 2020 22,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
S.No Week of Auction Amount in

(₹ Crore)

 Security-wise Allocation
 

9

 December 21-25, 2020 28,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹9,000 crore
iv) 40 Years for ₹ 6,000 crore
10 December 28, 2020 –January 01, 2021 22,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
11 January  04-08, 2021 27,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 6,000 crore
12 January 11-15, 2021 22,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹5,000 crore
13 January 18-22, 2021 27,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 6,000 crore
14 January 25-29, 2021 21,000 i)  03 Years for ₹6,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹ 8,000 crore
iv) 30 Years for ₹5,000 crore
15 February01-05, 2021 27,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 6,000 crore
16 February08-12, 2021 20,000 i)  03 Years for ₹ 5,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹ 8,000 crore
iv) 30 Years for ₹5,000 crore
17 February15-19, 2021 27,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 6,000 crore
18 February22-26, 2021 18,000 i)  03 Years for ₹ 4,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹ 7,000 crore
iv) 30 Years for ₹5,000 crore
19 March 01-05, 2021 27,000 i)   02 Years for ₹ 2,000 crore
ii)  05 Years  for ₹11,000 crore
iii)10 Years for ₹ 8,000 crore
iv) 40 Years for ₹ 6,000 crore
20 March 08-12, 2021 17,000 i)  03 Years for ₹ 4,000 crore
ii)  FRB₹ 2,000 crore
iii) 14 Years for ₹ 7,000 crore
iv) 30 Years for ₹ 4,000 crore
Total 4,88,000  

As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which 5per cent of the notified amount will be reserved for the specified retail investors.

Like in the past, the Government of India, in consultation with the Reserve 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 up to ₹ 2,000 crore each against one or more security/iesindicated in the auction notification.

RBI will also be conducting switches of dated securities through auction on every third Monday of the 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 inthe 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.