India Modified Issuance Tender

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 04 2019 to March 31 2019has been prepared in consultation with the Reserve Bank of India RBI. As hitherto all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which five per cent of the notified amount will be reserved for the specified Retail Investors.Like in the past the Government of India in consultation with the Reserve Bank of India will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount issuance period maturities etc. and to issue different types of instruments including instruments having non-standard maturity and floating rate bonds FRBs including CPI linked inflation linked bonds depending upon the requirement of the Government of India evolving market conditions and other relevant factors after giving due notice to the market. The Calendar is subject to change if circumstances so warrant including for reasons such as intervening holidays. Such changes shall be communicated through Press releases.The Government of India in consultation with the Reserve Bank of India reserves the right to exercise the green-shoe option to retain additional subscription up to 1000 crore each against any one or more of the above security indicated in the auction notification. However the exercise of the green-shoe option within one or more securities in an auction shall be within the overall notified amount for the auction.The Auction of dated securities will be subject to the terms and conditions specified in the in the General Notification No. F.42-WM2018 dated March 27 2018 issued by the Government of India as amended from time to time.