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TMI BlogIssuance Calendar for Marketable Dated G-Sec and T-Bills for Q4 of 2017-18X X X X Extracts X X X X X X X X Extracts X X X X ..... Issuance Calendar for Marketable Dated G-Sec and T-Bills for Q4 of 2017-18 - Budget Dated:- 27-12-2017 - News - In the Union Budget for FY 2017-18, Gross and net market borrowing were budgeted at ₹ 5,80,000 crore and ₹ 4,23,226 crore respectively with ₹ 3,48,226 crore being raised (net) from dated Government securities and ₹ 2,002 crore from T-bills. Borrowings in FY 18 till date (Dec. 26, 2017) have been conducted in line with the borrowing calendar for FY18. Gross and net market borrowings in FY 18 till December 26, 2017 are ₹ 5,21,000 crore and ₹ 3,81,281 crore, excluding buyback/switches, respectively. As against the budgeted net T-bills receipt of ₹ 2002 crore in FY 18, net collections till D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ec 26 2017 are ₹ 86,203 crore. The borrowing programme of the Government of India has been reviewed, with RBI, and following decisions taken: (i) The Government will trim down the T-Bills from present collections of ₹ 86,203 Crore to ₹ 25,006 Crore by March end, 2018. (ii) The Government will raise additional market borrowings of ₹ 50,000 crore only in fiscal FY18 through dated Government securities. (iii) The Government will thus, between now and March 2018, not be raising any net additional borrowing (T-Bills will be run down by ₹ 61,203 crore and additional G-Sec borrowing will be ₹ 50,000 crore). Revised G-sec and T-Bill calendar for Q4 FY18 are being notified. The revised G-Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c borrowing would be ₹ 15,000 crore each last five weekly auctions of FY 18 ending on 9th February, 2018. The revised T-Bill borrowing will be ₹ 14,000 crore each in first 13 weeks of 2018 ending on 28th March. Annex Table 1: Revision in G-sec Auction Calendar w.e.f. January 08, 2018 (Rs. crore) Period Total G-sec 5-9 years 10-14 years 15-19 years 20 years and above (1) (2) (3) (4) (5) (6) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jan 08-12, 2018 15,000 3,000 8,000 2,000 2,000 Jan 15-19, 2018 15,000 3,000 8,000 2,000 2,000 Jan 22-26, 2018 15,000 3,000 8,000 2,000 2,000 Jan 29- Feb 02, 2018 15,000 3,000 8,000 2,000 2,000 Feb 05-09, 2018 15,000 3,000 8,000 2,000 2,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 00 Total 75,000 15,000 40,000 10,000 10,000 Table 2: Calendar for T- Bills in Q4 (Jan March 2018) (Rs. crore) Date of Auction 91-Day T-bill 182-Day T-bill 364-Day T-bill Total 03-Jan-2018 7,000 4,000 3,000 14,000 10-Jan-2018 7,000 3,000 4,000 14,000 17-Jan-2018 7,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4,000 3,000 14,000 24-Jan-2018 7,000 3,000 4,000 14,000 31-Jan-2018 7,000 4,000 3,000 14,000 07-Feb-2018 7,000 3,000 4,000 14,000 14-Feb-2018 7,000 4,000 3,000 14,000 21-Feb-2018 7,000 3,000 4,000 14,000 28-Feb-2018 7,000 4,000 3,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 14,000 07-Mar-2018 7,000 3,000 4,000 14,000 14-Mar-2018 7,000 4,000 3,000 14,000 21-Mar-2018 7,000 3,000 3,000 13,000 27-Mar-2018 7,000 3,000 2,000 12,000 Total Raise 91,000 45,000 43,000 1,79,000 Repayments in Q4 91,000 42,000 27,994 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,60,994 Net in Q4 0 3,000 15,006 18,006 T-bills net (competitive) as at end- December 2017 7,000 Total net requirement in FY 18 25,006 Table 3: Receipt through T-bills in FY 2017-18 (Rs. crore) 1 Net T-bills collections till date (Dec 26 2017) 86,203 of which Competitive portion (Net ₹ 5,000 crore payable on Dec 28, 2017) 12,023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Non-competitive portion 74,180 3 Additional borrowings through competitive in 2017-18 23,005 4 Additional borrowings through Non-competitive segment (net redemptions) -74,180 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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