Debt Management

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 second half of the fiscal year 2020-21 (October 01, 2020 to March 31, 2021) has been prepared in consultation with the Reserve Bank of India. As evident from the calendar, the second half borrowing programme of the Government of India is exp

(For the Quarter ending December 2020) After reviewing the cash position of the Central Government, the Government of India, in consultation with the Reserve Bank of India, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending December 2020 as under: Notified Amount for Auction of Treasury Bills (October 01, 2020 to December 31, 2020) (₹ Crore) Date of Auction Issue Date 91 Days 182 Days 364 Days Total October 07, 2020 October 08,

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October - December 2020, is expected to be ₹202242.35 crores. The weekly schedule of auctions to be held during the quarter, along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them, is as under: Month Proposed Date Expected qua

With a view to provide greater comfort to State Governments in undertaking COVID-19 containment and mitigation measures, and to enable them to plan their market borrowings, RBI had announced an increase in WMA limit of the States/UTs by 60% over and above the level as on March 31, 2020, vide its press release dated April 17, 2020. Further, in order to provide flexibility to State Governments to tide over their cash flow mismatches, the overdraft (OD) regulations were

The Results of the auctions of State Development Loans for 19 State Governments / Union Territories held on September 29, 2020. Table (₹ in crore) ANDHRA PRADESH 2039 ANDHRA PRADESH 2024 ASSAM 2030 GOA 2030 Notified Amount 1000 1000 600 100 Underwriting Notified Amount NIL NIL NIL NIL Tenure 19 4 10 10 Competitive Bids Received (i) No. 32 27 48 20 (ii) Amount 2036 2345 1718 683 Cut-off Yield (%) 7 5.75 6.9 6.89 Competitive Bids Accepted (i) No. 5 8 13 8 (ii) Amount 94

Sr. No State/UT Notified amount (₹ Cr) Amount accepted (₹ Cr) Cut off Price/ Yield (%) Tenor (Years) 1. Andhra Pradesh 1000 1000 5.75 4 1000 1000 7.00 19 2. Assam 600 600 6.90 10 3. Goa 100 100 6.89 10 4. Gujarat1 1000 1500 6.83 10 5. Haryana 3000 3000 7.05 20 6. Jammu & Kashmir 1005 1005 6.96 15 7. Karnataka 1000 1000 6.85 10 1000 1000 6.97 11 8. Kerala 1000 1000 4.70 2 1000 1000 5.79 4 9. Maharashtra2 1000 1500 7.10 12 1500 1500 99.59/4.7007 Re-issue of 4.45% Ma

In the underwriting auctions conducted on September 25, 2020 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off

The results of the auctions of 5.09% Government Stock, 2022 (Re-Issue), 5.77% Government Stock, 2030 (Re-Issue), GOI Floating Rate Bond 2033 (Re-Issue) and 6.80% Government Stock, 2060 (Re-Issue) held on September 25, 2020 are: Auction Results 5.09% Government Stock 2022 5.77% Government Stock 2030 GOI Floating Rate Bond 2033 6.80% Government Stock 2060 I. Notified Amount ₹ 3000 Crore ₹ 18000 Crore ₹ 4000 Crore ₹ 5000 Crore II. Underwriting Notified Amount ₹ 3000 Cror

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹25,437 Cr. (Face Value). The revision is due to the addition of Jammu & Kashmir. Sr. No. State/UT Amount to be raised(₹ Cr) Additional Borrowing (Green shoe) Option (₹ Cr) Tenure (Yrs) Type of Auction 1. Andhra Pradesh 1000 - 4 Yield 1000 - 19 Yield 2. Assam 600 - 10 Yield 3. Goa 100 - 10 Yield 4. Gujarat 1000 500 10 Yield 5. Haryana 3000 - 20 Yield 6.

5.09% GS 2022 5.77% GS 2030 GoI FRB 2033 6.80% GS 2060* I. Notified Amount ₹ 3000 cr ₹ 18000 cr ₹ 4000 cr ₹ 5000 cr II. Cut off Price / Implicit Yield at cut-off 101.29/4.2156 98.23/6.0095 95.77/5.1897 100/6.7995 III. Amount accepted in the auction ₹ 1054.883 cr ₹ 136.103 cr ₹ 4000 cr ₹ 6945.117 cr IV. Devolvement on Primary Dealers Nil ₹ 17,863.897 cr. Nil Nil *Green-shoe of ₹ 1945.117 Cr was exercised in 6.80% GS 2060 Ajit Prasad Director Press Release: 2020-2021/39