The government plans to borrow a sum of Rs 59,000 crore in the second half of current fiscal through bonds.
It has already raised Rs 97,000 crore in the first half of the current fiscal. If the government raises Rs 59000 crore in the second half, the total market borrowing will stand at Rs 1,56,000 crore during the current fiscal.

As per the schedule finalised by Finance Ministry, the Centre will issue four different dated securities in October and November each and two in December, January and February each. It is understood that the borrowing will be mainly utilised for both plan and non-plan expenditure. 

In several tranches
The government plans to mop up Rs 18,000 crore in October, Rs 15,000 crore in November, Rs 7,000 crore in December, Rs 10,000 crore in January and Rs 9,000 crore in February, according to the indicative calendar of borrowing. While Rs 6,000 crore will be raised through 10-14 year bonds, Rs 4,000 crore will be mopped up through bonds of 20 years and more during October 5-12. Securities with a term of 5-9 years and 15-19 years will be issued to raise 4,000 crore each during October 19-26.

The Centre will borrow Rs 5,000 crore through 10-14 year bonds and Rs 3,000 crore through securities of 20 years and above during November 2-8. It will raise 3,000 crore from 10-14 year securities and Rs 4,000 crore through 15-19 year bonds during November 16-23. During December 7-14, securities with a term of 10-14 year and 20 year and above will be issued to raise Rs 5,000 crore and 2,000 crore respectively. Bonds of 10-14 years will be issued to raise Rs 6,000 crore from January 4-11, while Rs 4,000 crore will be raised from bonds of 20 years and above. During February 1-8, the government will raise Rs 5,000 crore from 10-14 year securities and Rs 4,000 crore from 20 year and above bonds, the calendar indicates.