OREANDA-NEWS. March 28, 2011. With a view to enabling institutional and retail investors to plan their investment in an efficient manner and providing transparency and stability in the Government securities market, it has been decided to continue with the system of releasing the indicative calendar for issuance of the Government of India securities. Accordingly, an indicative calendar for issue of dated securities for the first half of the year 2011-2012 covering the period from April 1, 2011 to September 30, 2011, as given below, is being issued in consultation with the Reserve Bank of India:

Calendar for Issuance of Government of India Dated Securities (for the period April 1, 2011 to September 30, 2011)

Sr.

No.

Period of auction

Amount

(Rs. Crore)

Term of the Security

1

April 4-8, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

2

April 11-15, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

3

April-18-22, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

4

May 2-6, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

5

May 9-13, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

6

May 16-20, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

7

May 23-27, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

8

May 30-June 3, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

9

June 6-10, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

10

June 20-24, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

11

June 27-July 1, 2011

15,000

5-9 year security for Rs.5,000-6,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

20-year and above security for Rs.2,000-3,000 crore

12

July 4-8, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

13

July 11-15, 2011

12,000

5-9 year security for Rs.5,000-6,000 crore

10-14 year security for Rs.4,000-5,000 crore

20-year and above security for Rs.2,000-3,000 crore

14

July 18-22, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

15

July 25-29, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20- year and above security for Rs.2,000-3,000 crore

16

August 1-5, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

15-19 year security for Rs.2,000-3,000 crore

17

August 8-12, 2011

12,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.5,000-6,000 crore

20-year and above security for Rs.2,000-3,000 crore

18

August 22-26, 2011

11,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.4,000-5,000 crore

15-19 year security for Rs.2,000-3,000 crore

19

August 29-- September 2, 2011

11,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.4,000-5,000 crore

20-year and above security for Rs.2,000-3,000 crore

20

September 5-9, 2011

11,000

5-9 year security for Rs.4,000-5,000 crore

10-14 year security for Rs.4,000-5,000 crore

15-19 year security for Rs.2,000-3,000 crore

21

September 19-23, 2011

10,000

5-9 year security for Rs.3,000-4,000 crore

10-14 year security for Rs.4,000-5,000 crore

20-year and above security for Rs.2,000-3,000 crore

Total

2,50,000

 

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.

Variable rate securities may be issued depending upon the market conditions.

As in the past, the Central Government/Reserve Bank will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, maturity, etc. keeping in view the emerging requirements of the Government, market conditions and other relevant factors after giving due notice.