Overview

• Borrowing will be raised via 22 weekly auctions of dated securities running through March 6, 2026.
• The calendar allocates issuance across 3-, 5-, 7-, 10-, 15-, 30-, 40- and 50-year bonds, with 10-year notes taking the largest share at 28.4%.
• The plan includes ₹10,000 crore of Sovereign Green Bonds for eligible climate projects.
• The Centre will use security switches or buybacks to smooth redemptions and may retain up to ₹2,000 crore extra per line through a greenshoe.
• Short-term cash needs are addressed through a Q3 T-bill schedule of ₹19,000 crore each week (₹7,000 crore 91-day, ₹6,000 crore 182-day, ₹6,000 crore 364-day) and an RBI WMA limit of ₹50,000 crore for H2.