Government will sell bonds worth Rs 39,000 crore between October and mid-December this year to finance deficits. The government will hold auctions for Rs 10,000 crore of bonds each between October 3-10, October 17-24 and October 31-November 7, according to the indicative borrowing calendar released by the Finance Ministry today.
There will be further auctions of Rs 6,000 crore of bonds between November 14-21 and Rs 3,000 crore between December 5-12. After today’a auction of Rs 10,000 crore worth of bonds, government has borrowed Rs 1,06,000 crore in the first half of 2008-09.