Issuance Calendar for Marketable Dated Securities for April 2018 - September 2018 | Labour Law News

Issuance Calendar for Marketable Dated Securities for April 2018 – September 2018

By

Calendar for issuance of Government dated securities for the first half of the fiscal year 2018-19 (April 1, 2018 to September 30, 2018)

Issuance Calendar for Marketable Dated Securities for April 2018 - September 2018

To enable institutional and retail investors plan their investments efficiently and provide transparency and stability to the Government securities market, an indicative calendar for issuance of Government dated securities for the first half of the fiscal year 2018-19 (April 1, 2018 to September 30, 2018) has been prepared in consultation with the Reserve Bank of India.  The issuance calendar is as under:

Calendar for Issuance of Government of India Dated Securities
(April 1, 2018 to September 30, 2018)
  Week of Auction Amount in Security-wise allocation
Sr. No. (Rs.Crore)
1 April 02- April 06, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 1,000 crore
 v) 20 Years & above for Rs. 3,000 crore
2 April 09- April 13, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
3 April 16- April 20, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 1,000 crore
 v) 20 Years & above for Rs. 3,000 crore
4 April 23- April 27, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
5 April  30- May 04, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 1,000 crore
 v) 20 Years & above for Rs. 3,000 crore
6 May 07- May 11, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
Calendar for Issuance of Government of India Dated Securities
  Week of Auction Amount in Security-wise allocation
Sr. No. (Rs.Crore)
7 May 14- May 18, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 1,000 crore
 v) 20 Years & above for Rs. 3,000 crore
8 May 21- May 25, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
9 May 28- June 01, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 1,000 crore
 v) 20 Years & above for Rs. 3,000 crore
10 June 04- June 08, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
11 June 18- June 22, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
12 June 25- June 29, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
13 July 02- July 06, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
14 July 09- July 13, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
15 July 16- July 20, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2000 crore
 v) 20 Years & above for Rs. 2,000 crore
Calendar for Issuance of Government of India Dated Securities
  Week of Auction Amount in Security-wise allocation
Sr. No. (Rs.Crore)
16 July 23- July 27, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
17 July 30- August 03, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
18 August 06- August 10, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
19 August 13- August 17, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
20 August 20- August 24, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
21 August 27-  August  31, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
22 September 03- September 07, 2018 12,000  i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
23 September 17 – September 21, 2018 12,000 i)   01-04 Years for Rs. 2,000 crore
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 3,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 2,000 crore
24 September 24 – September 28, 2018 12,000 i)   01-04 Years for  ‘NIL’
ii)  05-09 Years for Rs. 3,000 crore
iii) 10-14 Years for Rs. 4,000 crore
iv) 15-19 Years for Rs. 2,000 crore
 v) 20 Years & above for Rs. 3,000 crore
Total 2,88,000  

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, 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 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 Reserve Bank of India, in consultation with the Government of India, reserves the right to exercise the green-shoe to retain additional subscription up to ₹ 1000 crore each against any one or more of the above security, which will be indicated in the auction notification. However, the exercise of the green-shoe option within one or more securities in an auction shall be within the overall notified amount for the auction.

The auction of dated securities will be subject to the terms and conditions specified in the General Notification F. No.4(13)-W&M/2008 dated 8th October, 2008, issued by Government of India, as amended from time to time.

Source: www.pib.nic.in

Leave a Comment

Your email address will not be published.

You may also like