Fintotal News Analysis | T-Bill Auction Dates
T-Bill Auction Dates
Ruby Jacob, 28 Sep 2012

The RBI has released Calendar for Auction of Government of India Treasury Bills for the third quarter ending December 2012.

            Notified Amount for Auction of Treasury Bills

                                              (October 1, 2012 to - December 31, 2012)

Date of Auction

91 Days

182 Days

364 Days

Total

03- Oct-12

5,000

 

5,000

10,000

10- Oct-12

5,000

5,000

 

10,000

17- Oct-12

5,000

 

5,000

10,000

23- Oct-12

5,000

5,000

 

10,000

31- Oct-12

5,000

 

5,000

10,000

07-Nov-12

5,000

5,000

 

10,000

12-Nov-12

5,000

 

5,000

10,000

21-Nov-12

5,000

5,000

 

10,000

27-Nov-12

5,000

 

5,000

10,000

05-Dec-12

5,000

5,000

 

10,000

12-Dec-12

5,000

 

5,000

10,000

19-Dec-12

5,000

5,000

 

10,000

26-Dec-12

5,000

 

5,000

10,000

  Total

65,000

30,000

35,000

 1,30,000

Depending on requirements of the government, evolving market conditions and other relevant factors the timing and amount can be changed by RBI.

91 day  treasury bills are auctioned every Wednesday while 182 day  treasury bills and 364 day treasury bills are auctioned on alternate Wednesdays. They are bought in multiples of Rs 25,000.

T-bills are issued at discount to their face value and at maturity they are redeemed at face value. Mostly banks buy T-bills. Mutual funds and provident funds also buy them.

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