9911796707
TMI BlogIssuance Calendar for Marketable Dated G-Sec and T-Bills for Q4 of 2017-18X X X X Extracts X X X X X X X X Extracts X X X X ..... Issuance Calendar for Marketable Dated G-Sec and T-Bills for Q4 of 2017-18 X X X X Extracts X X X X X X X X Extracts X X X X ..... till date (Dec. 26, 2017) have been conducted in line with the borrowing calendar for FY18. Gross and net market borrowings in FY 18 till December 26, 2017 are ₹ 5,21,000 crore and ₹ 3,81,281 crore, excluding buyback/switches, respectively. As against the budgeted net T-bills receipt of ₹ 2002 crore in FY 18, net collections till Dec 26 2017 are ₹ 86,203 crore. The borrowi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng programme of the Government of India has been reviewed, with RBI, and following decisions taken: (i) The Government will trim down the T-Bills from present collections of ₹ 86,203 Crore to ₹ 25,006 Crore by March end, 2018. (ii) The Government will raise additional market borrowings of ₹ 50,000 crore only in fiscal FY18 through dated Government securities. (iii) The Governm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent will thus, between now and March 2018, not be raising any net additional borrowing (T-Bills will be run down by ₹ 61,203 crore and additional G-Sec borrowing will be ₹ 50,000 crore). Revised G-sec and T-Bill calendar for Q4 FY18 are being notified. The revised G-Sec borrowing would be ₹ 15,000 crore each last five weekly auctions of FY 18 ending on 9th February, 2018. The re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vised T-Bill borrowing will be ₹ 14,000 crore each in first 13 weeks of 2018 ending on 28th March. Annex Table 1: Revision in G-sec Auction Calendar w.e.f. January 08, 2018 (Rs. crore) Period Total G-sec 5-9 years 10-14 years 15-19 years 20 years and above (1) (2) (3) (4) (5) (6) Jan 08-12, 2018 15,000 3,000 8,000 2,000 2,000 Jan 15-19, 2018 15,000 3,000 8,000 2,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,000 Jan 22-26, 2018 15,000 3,000 8,000 2,000 2,000 Jan 29- Feb 02, 2018 15,000 3,000 8,000 2,000 2,000 Feb 05-09, 2018 15,000 3,000 8,000 2,000 2,000 Total 75,000 15,000 40,000 10,000 10,000 Table 2: Calendar for T- Bills in Q4 (Jan - March 2018) (Rs. crore) Date of Auction 91-Day T-bill 182-Day T-bill 364-Day T-bill Total 03-Jan-2018 7,000 4,000 3,000 14 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,000 10-Jan-2018 7,000 3,000 4,000 14,000 17-Jan-2018 7,000 4,000 3,000 14,000 24-Jan-2018 7,000 3,000 4,000 14,000 31-Jan-2018 7,000 4,000 3,000 14,000 07-Feb-2018 7,000 3,000 4,000 14,000 14-Feb-2018 7,000 4,000 3,000 14,000 21-Feb-2018 7,000 3,000 4,000 14,000 28-Feb-2018 7,000 4,000 3,000 14,000 07-Mar-2018 7,000 3,000 4,000 14,000 14-Mar-2018 7,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 00 4,000 3,000 14,000 21-Mar-2018 7,000 3,000 3,000 13,000 27-Mar-2018 7,000 3,000 2,000 12,000 Total Raise 91,000 45,000 43,000 1,79,000 Repayments in Q4 91,000 42,000 27,994 1,60,994 Net in Q4 0 3,000 15,006 18,006 T-bills net (competitive) as at end- December 2017 7,000 Total net requirement in FY 18 25,006 Table 3: Receipt through T-bills in FY 2017-18 (Rs. cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore)
1
Net T-bills collections till date (Dec 26 2017)
86,203
of which
Competitive portion (Net ₹ 5,000 crore payable on Dec 28, 2017)
12,023
2
Non-competitive portion
74,180
3
Additional borrowings through competitive in 2017-18
23,005
4
Additional borrowings through Non-competitive segment (net redemptions)
-74,180 X X X X Extracts X X X X X X X X Extracts X X X X
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