The Indian government plans to borrow ₹6.77 trillion from October 2025 to March 2026 through dated securities, including ₹10,000 crore via green bonds. The schedule, prepared with the RBI, aims to ensure market stability and transparency.

BulletsIn

• Total borrowing target: ₹6.77 trillion in H2 FY26
• ₹10,000 crore through sovereign green bonds for climate projects
• Borrowing via 22 weekly auctions; amounts ₹28,000–33,000 crore each
• 10-year bonds form backbone; multiple tranches of ₹32,000 crore
• Bonds across 3, 5, 7, 15, 30, 40, 50-year tenors to balance yield curve
• Green bond issuances: ₹5,000 crore each in Oct 27–31 and Nov 24–28
• FY26 green bond target: ₹25,342 crore; ₹5,000 crore raised in H1
• Retail investors: 5% of each auction reserved for non-competitive bidding
• Flexible issuance options: floating rate, inflation-indexed, or different tenors
• Treasury Bills (T-bills) target ₹2.47 trillion in Q2 FY26
• Weekly T-bill auctions for 91, 182, 364-day maturities; face value discounted