RBI raises bond issuance by Rs 52782 crs Yields rockets

Issuance Calendar for Marketable Dated Securities for October-March 2011-12

It has been decided to continue with the practice of releasing indicative calendar for issuance of Government of India dated securities, enabling institutional and retail investors to plan their investment efficiently and at the same time, providing transparency and stability to the Government securities market. Keeping in view the shortfall in other financing items, it has been decided to increase the Government market borrowing through dated securities provided in the Union Budget 2011-12 by ` 52,872 crore. The market borrowing through dated securities during the second half (i.e. October-March 2011-12) would be ` 2,20,000 crore, instead of `1,67,128 crore. Accordingly, the following indicative calendar for issuance of Government of India dated securities for the second half of the fiscal year 2011-12 (October 1, 2011 to March 31, 2012) is being issued in consultation with the Government of India. Calendar for Issuance of Government of India Dated Securities (October 1, 2011 to March 31, 2012) Sr. No. Week of Auction Amount in`Crore Security-wise allocation 1 October 3-7, 2011 15,000 i) 5-9 Years for ` 3,000-4000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 2 October 10-14, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 3 October 24-28, 2011 15,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 4 October 31-November 4, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 5 November 7-11, 2011 13,000 i) 5-9 Years for ` 3,000-4000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 6 November 14-18, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 7 November 21-25, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 8 November 28-December 2, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 3,000-4,000 cr. 9 December 5-9, 2011 13,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 3,000-4,000 cr. 10 December 19-23, 2011 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 11 January 2-6, 2012 15,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. iv) 20 Years & Above for ` 3,000-4,000 cr. 12 January 9-13, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 13 January 23-27, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. 14 January 30-February 3, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 15 February 6-10, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. 16 February 13-17, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 5,000-6,000 cr. iii) 15-19 Years for ` 2,000-3,000 cr. 17 February 20-24, 2012 12,000 i) 5-9 Years for ` 3,000-4,000 cr. ii) 10-14 Years for ` 4,000-5,000 cr. iii) 20 Years & Above for ` 2,000-3,000 cr. 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. As in the past, the Government of India/ Reserve Bank 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 depending upon the requirement of the Government of India, evolving market conditions and other relevant factors after giving due notice. J. D. Desai Assistant Manager Press Release : 2011-2012/500