The government plans to raise ₹6.77 trillion through the sale of dated securities between October 2025 and March 2026, as outlined in the FY26 second-half borrowing calendar released by the finance ministry. This includes ₹10,000 crore via green bonds. Prepared in consultation with the Reserve Bank of India (RBI), the schedule aims to bring transparency to the government securities (G-Secs) market and help investors plan better. The borrowing will be conducted through 22 weekly auctions, with issue sizes ranging from ₹28,000 crore to ₹33,000 crore.
Ten-year bonds will be issued in multiple tranches of ₹32,000 crore and will form a significant part of the strategy. Bonds across various maturities—ranging from 3 to 50 years—will also be issued to maintain a stable yield curve. Green bonds will include two 30-year tranches of ₹5,000 crore each in October and November.
The government retains flexibility to adjust issuance details based on market conditions. Additionally, ₹2.47 trillion will be raised through Treasury Bills in the December quarter, with weekly auctions of 91-day, 182-day, and 364-day bills.
