RBI has published an indicative calendar for issuance of Government dated securities for the second half of the fiscal year 2013-14 (October 1, 2013 to March 31, 2014).
In the second half of FY 2013-14 the government is scheduled to issue Government Bonds worth Rs 2,35,000 crores. The maturity wise break up of the auction calender is as follows.
The issuance in the 5 to 9 years maturity category is expected to be around 21% of total issuance , in the 10 to 14 years maturity category around 47%, in the 15 to 19 years maturity category and 20 years and above maturity category around 16% each.
From October 1 2013 to March 31 2014 RBI is scheduled to conduct 16 weekly auctions for government securities.
The second half borrowing is as budgeted and will give relief to the market that was anticipating a higher borrowing amount. The government has not announced any buyback of bonds and that is positive for markets as it will not result in more auctions.