Oct 18 (Reuters) - The Indian government plans to raise 6.05
trillion rupees through market borrowings in the fiscal year
2017/18 which starts April 1, the central bank said.
The budgeted gross government borrowing for 2017/18 stands
at 6.05 trillion rupees which includes government bonds
and inflation indexed bonds.
So far in the financial year the gross market borrowing stands
at 4881.09011 billion rupees which includes 4010.000 billion rupees
borrowed through 103 Government Bond issues, 171.41011 billion rupees
issued through switching operations and 869.840 billion rupees
through 16 Treasury Bill issues.
This is 69.11 percent of the gross amount.(Does not include
T-Bill)
The following are details of the borrowings so far in 2017/18 through
Government Bond auctions:
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Sale/ Bond Issued Cut-off Weighted Devolvement
auction/ amount price average RBI/Primary
placement (rupees (rupees/ (rupees/ dealers
date in bln) yield %) yield %) (bln rupees)
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Oct 13 FRB 2024 30 97.49/6.6468 97.50 NIL/NIL
Oct 13 6.79% 2027 80 100.36/6.7373 100.40 NIL/NIL
Oct 13 7.73% 2034 20 104.27/7.2885 104.36 NIL/NIL
Oct 13 7.06% 2046 20 97.47/7.2703 97.47 NIL/NIL
Oct 06 6.84% 2022 30 100.49/6.7236 100.51 NIL/NIL
Oct 06 6.68% 2031 90 97.37/6.9774 97.45 NIL/NIL
Oct 06 6.62% 2051 20 91.25/7.3198 91.25 NIL/NIL
Sep 29 FRB 2024 30 97.38/6.6866 97.44 NIL/NIL
Sep 29 6.79% 2027 80 101.12/6.6292 101.13 NIL/NIL
Sep 29 7.73% 2034 20 105.07/7.2094 105.17 NIL/NIL
Sep 29 7.72% 2055 20 105.64/7.2799 105.64 NIL/NIL
Sep 22 6.84% 2022 30 100.70/6.6761 100.79 NIL/9.155
Sep 22 6.68% 2031 80 98.47/6.8516 98.53 NIL/38.4
Sep 22 6.57% 2033 20 95.12/7.0797 95.13 NIL/NIL
Sep 22 7.06% 2046 20 97.35/7.2802 97.35 NIL/NIL
Sep 08 FRB 2024 30 97.40/6.6801 97.42 NIL/NIL
Sep 08 6.79% 2027 80 101.95/6.5135 101.96 NIL/NIL
Sep 08 7.73% 2034 20 106.30/7.0900 106.30 NIL/NIL
Sep 08 6.62% 2051 20 93.48/7.1303 93.48 NIL/NIL
Sep 01 6.84% 2022 30 101.59/6.4773 101.60 NIL/NIL
Sep 01 6.57% 2033 30 97.08/6.8696 97.17 NIL/NIL
Sep 01 7.72% 2055 30 107.41/7.1501 107.42 NIL/NIL
Sep 01 6.68% 2031 90 - /6.6800 6.6711 NIL/NIL
Aug 24 FRB 2024 30 97.35/6.7015 97.43 NIL/NIL
Aug 24 6.79% 2027 80 101.76/6.5405 101.77 NIL/NIL
Aug 24 7.73% 2034 20 105.82/7.1374 105.93 NIL/NIL
Aug 24 7.06% 2046 20 98.89/7.1502 98.93 NIL/NIL
Aug 18 6.84% 2022 30 101.60/6.4773 101.61 NIL/NIL
Aug 18 6.79% 2029 70 99.79/6.8140 99.83 NIL/NIL
Aug 18 6.57% 2033 20 96.69/6.9103 96.71 NIL/NIL
Aug 18 6.62% 2051 30 93.48/7.1301 93.48 NIL/NIL
Aug 11 FRB 2024 30 97.28/6.7471 97.37 NIL/NIL
Aug 11 6.79% 2027 80 102.05/6.5010 102.09 NIL/NIL
Aug 11 7.73% 2034 20 106.42/7.0800 106.42 NIL/NIL
Aug 11 7.06% 2046 20 99.74/7.0801 99.74 NIL/NIL
Aug 04 6.84% 2022 30 101.85/6.4246 101.87 NIL/NIL
Aug 04 6.79% 2029 70 100.51/6.7275 100.54 NIL/NIL
Aug 04 6.57% 2033 20 97.49/6.8261 97.53 NIL/NIL
Aug 04 7.72% 2055 30 108.97/7.0390 108.97 NIL/NIL
Jul 28 FRB 2024 30 97.35/6.7672 97.38 NIL/NIL
Jul 28 6.79% 2027 80 102.52/6.4373 102.52 NIL/NIL
Jul 28 7.73% 2034 20 106.70/7.0540 106.79 NIL/NIL
Jul 28 7.06% 2046 20 99.99/7.0596 100.00 NIL/NIL
Jul 21 6.84% 2022 30 101.48/6.5088 101.49 NIL/NIL
Jul 21 6.79% 2029 70 100.59/6.7183 100.62 NIL/NIL
Jul 21 6.57% 2033 20 97.55/6.8197 97.55 NIL/NIL
Jul 21 6.62% 2051 30 93.72/7.1101 93.79 NIL/NIL
Jul 14 FRB 2024 30 97.20/6.8197 97.24 NIL/NIL
Jul 14 6.79% 2027 90 102.24/6.4766 102.22 NIL/NIL
Jul 14 7.73% 2034 30 106.40/7.0839 106.55 NIL/NIL
Jul 14 7.06% 2046 30 99.86/7.0702 99.86 NIL/NIL
Jul 07 6.84% 2022 30 100.70/6.6832 100.72 NIL/NIL
Jul 07 6.79% 2029 90 99.44/6.8571 99.47 NIL/NIL
Jul 07 6.57% 2033 30 96.21/6.9602 96.21 NIL/NIL
Jul 07 6.62% 2051 30 92.76/7.1901 92.78 NIL/NIL
Jun 30 6.79% 2027 80 101.92/6.5216 101.94 NIL/NIL
Jun 30 7.73% 2034 20 106.76/7.0504 106.84 NIL/NIL
Jun 30 7.06% 2046 20 99.13/7.1299 99.13 NIL/NIL
Jun 30 FRB 2024 30 97.13/6.8507 97.15 NIL/NIL
Jun 23 6.84% 2022 30 101.24/6.5663 101.27 NIL/NIL
Jun 23 6.79% 2029 70 100.44/6.7373 100.45 NIL/NIL
Jun 23 6.57% 2033 20 97.26/6.8497 97.39 NIL/NIL
Jun 23 6.62% 2051 30 93.84/7.1003 93.84 NIL/NIL
Jun 09 FRB 2024 30 97.61/6.8164 97.65 NIL/NIL
Jun 09 6.79% 2027 80 101.91/6.5246 101.93 NIL/NIL
Jun 09 7.73% 2034 20 107.17/7.0126 107.25 NIL/NIL
Jun 09 7.06% 2046 20 99.39/7.1086 99.47 NIL/NIL
Jun 02 6.84% 2022 30 100.36/6.7601 100.38 NIL/NIL
Jun 02 6.79% 2029 70 99.85/6.8073 99.88 NIL/NIL
Jun 02 6.57% 2033 20 94.65/7.1265 94.71 NIL/NIL
Jun 02 6.62% 2051 30 90.35/7.3972 90.56 NIL/NIL
May 26 FRB 2024 30 97.25/6.8515 97.33 NIL/NIL
May 26 6.79% 2027 80 100.93/6.6602 100.97 NIL/NIL
May 26 7.73% 2034 20 104.11/7.3100 104.23 NIL/NIL
May 26 7.06% 2046 20 96.00/7.3945 96.23 NIL/NIL
May 19 6.84% 2022 30 99.96/6.8471 99.99 NIL/NIL
May 19 6.79% 2029 70 99.26/6.8777 99.29 NIL/NIL
May 19 6.57% 2033 20 92.67/7.3423 92.82 NIL/NIL
May 19 6.62% 2051 30 89.19/7.4999 89.24 NIL/NIL
May 12 FRB 2024 30 96.90/6.8313 96.95 NIL/NIL
May 12 6.79% 2027 80 -- /6.7900 6.782 NIL/NIL
May 12 7.73% 2034 20 102.71/7.4500 102.71 NIL/NIL
May 12 7.06% 2046 20 95.02/7.4803 95.02 NIL/NIL
May 05 6.84% 2022 30 99.70/6.9031 99.76 NIL/NIL
May 05 6.79% 2029 70 97.34/7.1112 97.37 NIL/NIL
May 05 6.57% 2033 20 91.90/7.4268 92.10 NIL/NIL
May 05 7.72% 2055 30 102.37/7.5301 102.37 NIL/NIL
Apr 28 6.84% 2022 30 99.65/6.9137 99.68 NIL/NIL
Apr 28 6.97% 2026 70 100.13/6.9490 100.17 NIL/NIL
Apr 28 7.73% 2034 20 102.72/7.4490 102.73 NIL/NIL
Apr 28 7.06% 2046 30 95.26/7.4593 95.26 NIL/NIL
Apr 21 FRB 2024 30 96.50/6.7836 96.64 NIL/NIL
Apr 21 6.79% 2029 70 97.02/7.1498 97.08 NIL/NIL
Apr 21 6.57% 2033 20 92.04/7.4097 92.05 NIL/NIL
Apr 21 6.62% 2051 30 89.74/7.4497 89.74 NIL/NIL
Apr 13 6.84% 2022 40 100.27/6.7791 100.36 NIL/NIL
Apr 13 6.97% 2026 80 101.10/6.8080 101.27 NIL/32.16
Apr 13 7.73% 2034 30 103.20/7.4009 103.20 NIL/NIL
Apr 13 7.06% 2046 30 95.99/7.3959 95.99 NIL/NIL
Apr 07 FRB 2024 30 96.32/6.7567 96.45 NIL/NIL
Apr 07 6.79% 2029 70 96.24/7.2458 96.26 NIL/NIL
Apr 07 6.57% 2033 20 92.12/7.3995 92.13 NIL/NIL
Apr 07 6.62% 2051 30 90.16/7.4122 90.16 NIL/NIL
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Total raised through bonds so far (in bln rupees) 4010.000
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The following are details of 364-day treasury bills issued so
far in 2017/18 through auctions:
-------------------------------------------------------------------------
Auction Issued Cut-off price/ Devolvement
date amount yield at cut-off RBI/Primary
(rupees in (rupees/percent) dealers
bln) (bln rupees)
-------------------------------------------------------------------------
Oct 17 20.000 94.16/6.2192 NIL
Oct 11 20.000 94.16/6.2192 NIL
Oct 04 20.000 94.18/6.1966 NIL
Sep 27 60.000 94.14/6.2419 NIL
Sep 13 60.100 94.13/6.2532 NIL
Aug 30 60.000 94.13/6.2532 NIL
Aug 16 60.000 94.14/6.2419 NIL
Aug 02 60.000 94.14/6.2419 NIL
Jul 19 60.000 94.10/6.2872 NIL
Jul 05 60.000 94.02/6.3778 NIL
Jun 21 89.740 94.02/6.3778 NIL
Jun 07 60.000 93.97/6.4346 NIL
May 24 60.000 93.94/6.4686 NIL
May 09 60.000 93.93/6.4800 NIL
Apr 26 60.000 93.96/6.4459 NIL
Apr 12 60.000 94.16/6.2192 NIL
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Total raised through 364-day t-bills (in bln rupees) 869.840
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The following are details of G sec auctions by RBI under OMO
so far in 2017/18:
------------------------------------------------------------------------------
Auction Bond Notified Bids Cut off Weighted avg
date amount Accepted price yield% price Yield%
(in bln rupees)
------------------------------------------------------------------------------
SALES:
OCT 12 6.90% 2019 100 2.50 100.88 6.3525 100.88 6.3525
OCT 12 7.80% 2021 15.25 103.78 6.5715 103.79 6.5672
OCT 12 8.08% 2022 40.63 105.21 6.7867 105.23 6.7819
OCT 12 7.35% 2024 41.62 102.31 6.9102 102.34 6.9037
SALES:
SEP 28 7.28% 2019 100 32.35 101.43 6.3596 101.45 6.3459
SEP 28 8.12% 2020 35.00 104.55 6.5151 104.56 6.5130
SEP 28 8.15% 2022 26.90 105.57 6.7434 105.59 6.7386
SEP 28 8.20% 2025 2.00 107.22 7.0040 107.23 7.0024
SEP 28 8.60% 2028 3.75 110.49 7.1744 110.51 7.1715
SALES:
SEP 14 8.19% 2020 100 49.62 103.82 6.3970 103.84 6.3868
SEP 14 8.13% 2022 21.00 106.35 6.6212 106.35 6.6212
SEP 14 7.35% 2024 18.48 103.09 6.7706 103.12 6.7647
SEP 14 8.15% 2026 5.35 107.86 6.9749 107.87 6.9729
SEP 14 8.97% 2030 5.55 115.35 7.1533 115.40 7.1476
SALES:
AUG 29 7.28% 2019 100 23.00 101.60 6.2959 101.60 6.2957
AUG 29 8.79% 2021 26.50 108.19 6.5196 108.21 6.5145
AUG 29 7.16% 2023 39.00 102.33 6.6606 102.34 6.6579
AUG 29 8.33% 2026 11.50 109.05 6.9429 109.05 6.9428
SALES:
AUG 10 8.19% 2020 100 18.50 104.05 6.3618 104.07/6.3514
AUG 10 8.08% 2022 15.25 106.43 6.5442 106.46/6.5372
AUG 10 7.72% 2025 41.00 105.57 6.7849 105.61/6.7781
AUG 10 8.15% 2026 23.25 108.50 6.8930 108.56 6.8840
AUG 10 7.88% 2030 2.00 107.45 6.9803 107.46/6.9789
SALES:
JUL 20 5.64% 2019 100 33.60 99.05 6.3343 99.08/6.3087
JUL 20 8.12% 2020 22.50 104.93 6.4716 104.96/6.4616
JUL 20 8.15% 2022 22.00 106.24 6.6319 106.25/6.6296
JUL 20 7.35% 2024 11.40 103.27 6.7492 103.27 6.7489
JUL 20 8.33% 2026 10.50 109.17 6.9387 109.17/6.9384
SALES:
JUL 06 8.79% 2021 100 11.70 107.72 6.7045 107.73/6.7019
JUL 06 7.68% 2023 37.90 104.53 6.7982 104.54/6.7955
JUL 06 7.72% 2025 35.60 104.73 6.9292 104.78/6.9216
JUL 06 8.97% 2030 14.80 115.30 7.1735 115.44/7.1587
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The following are details of buyback/switching operations so far in
2017/18:
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Date Bond Amount (rupees in bln)
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12-Jun-17 7.99% 2017 -100.05000 (switch)
12-Jun-17 7.46% 2017 -70.11000 (switch)
12-Jun-17 FRB 2024 72.34993 (switch)
12-Jun-17 6.79% 2029 99.06018 (switch)
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Issue date is April 1, 2017.
Market borrowing programme for the year 2017/18 is 6.05 trillion rupees
For a look at the indicative borrowings calendar for the
of the fiscal year OCTOBER 2017-MARCH 2018, double-click on .
(Mumbai Rate Reporting Unit, + 91 22 6180 7222/3317 7222, rru.data@thomsonreuters.com)
