The government today said it will raise Rs 15,000 crore through securities, instead of Rs 8,000 crore planned earlier, as part of its overall borrowing plan of around Rs 4 lakh crore for the current fiscal.
The government would raise the amount in four tranches through sale of government securities. The first tranche would be of Rs 5,000 crore, maturing in 2015 with a coupon rate of 6.49 per cent, an official statement said here.
The second tranche of Rs 6,000 crore will have a maturity period of 10 years and the third tranche will be of Rs 2,000 crore having a coupon rate of 7.35 per cent and maturity of 2024.
This year, as per the Budget estimates, the government plans to borrow nearly Rs 4,00,000 crore from markets, a rise of about 50 per cent over what it borrowed a year ago, to fund the widening fiscal deficit necessitated after stimulus doses for the economy.
The net market borrowing of the government through issue of dated securities in 2009-10 is estimated at Rs 3,97,957.46 crore.
