The NDA government to borrow 8 crore rupees in H1 FY26; 10,000 rupees of this to be raised by SGRBS

The Ministry of Finance announced the borrowing plan for the first half of the fiscal year 2025-26, and revealed that the government will collect 8 rupees, which represents 54 % of the total borrowing in the market of 14.82 rupees throughout the year.

The total borrowing in the total market of 8.00 rupees will be made through 26 weekly auctions, with securities ripen over periods of 3 and 50 years. To support environmentally sustainable projects, part of this borrowing, which has a group of 10,000 rupees, will be obtained through sovereign green bonds (SGRBS).

Distribution of borrowing (including SGRBS) between the various benefits is as follows:

Securities for 3 years: 5.3 %
Securities for 5 years: 11.3 %
Securities for 7 years: 8.2 %
Securities for 10 years: 26.2 %
15 years of securities: 14.0 %
Securities for 30 years: 10.5 %
40 years of securities: 14.0 %
50 years of financial bonds: 10.5 %

The government reserves the right to take advantage of the Greenshoe option to secure an additional subscription of up to 2000 rupees for each of the securities listed in auction notifications.

In the first quarter (Q1) of the fiscal year 2025-26, it is expected that the weekly borrowing through the issuance of the treasury bills is 19,000 rupees for 13 weeks, with 9000 rupees to the T-Bill weapon 91 days allocated, 5,000 rupees for a lobby 182 days, and 5,000 rupees.

To address temporary imbalances in government accounts, the Indian Reserve Bank has set the maximum progress (WMA) for the first half (H1) of the fiscal year 2025-26 at 1.50 rupees.