Issuance Calendar for Marketable Dated Securities for October 2026-March 2027
The Government of India, in consultation with the Reserve Bank of India, has released the indicative issuance calendar for marketable dated securities, including Sovereign Green Bonds, for the second half of the fiscal year 2026-27 (October 1, 2026, to March 31, 2027). The calendar aims to provide transparency and stability to the Government Securities market and help investors plan their investments. The total issuance amount covered in this schedule is ₹7,86,000 crore.
Why It Matters
This topic is relevant for banking and UPSC examinations as it concerns government borrowing, fiscal management, and the operations of the RBI and Government Securities market.
In Simple Words
The Government of India, working with the Reserve Bank of India, has announced a schedule for issuing dated securities and Sovereign Green Bonds from October 1, 2026, to March 31, 2027. This helps institutional and retail investors plan their investments while bringing stability and transparency to the government securities market.
The calendar outlines specific auction weeks, amounts, and security-wise allocations totaling ₹7,86,000 crore. Additionally, 5% of the notified amount in these auctions is reserved for specified retail investors through non-competitive bidding, and the government retains flexibility to modify the calendar or exercise greenshoe options based on market conditions.
Key Points
- The calendar covers the period from October 01, 2026, to March 31, 2027.
- It was released by the Government of India in consultation with the Reserve Bank of India.
- The total issuance amount in the calendar is ₹7,86,000 crore.
- Five percent of the notified amount is reserved for specified retail investors via non-competitive bidding.
- The government retains the flexibility to modify the calendar and exercise a greenshoe option up to ₹2,000 crore against each security.
- Switch auctions of dated securities will generally be conducted on the third Monday of every month.
- Securities included are various maturities ranging from 3 years up to 50 years, alongside Sovereign Green Bonds (SGrBs).
- Auctions are subject to General Notification No. F.4(2)-B(W M)/2018 dated March 26, 2025.
Exam Angle
A. ₹7,86,000 crore
Source: Press Information Bureau