The Government has decided to raise additional Rs 36,000 crore through dated securities to fund its expenses during the current financial year.
As per the calender issued previously, the last tranche for borrowing through Government bonds was to complete in the week ending March 8, 2019.
However, the Government has decided to borrow additional Rs 36,000 crore through two tranches of Rs 18,000 crore each during March 11-15 and March 18-22.
“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 remaining period of the fiscal year 2018-19 (February 4 to March 31) has been prepared in consultation with the Reserve Bank of India (RBI),” an official statement said.
Like in the past, the Centre will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, and maturities, among others. It can also issue different types of instruments, including instruments having non-standard maturity, and floating rate bonds, including retail inflation-linked bonds, it said.