Investor Presentaiton

Government bond auctions Government Bonds - Tenorwise Issuance 52 52 62% 71% 73% 65% 65% 72% 72% 79% !!!!!!!! 38% 35% 35% 29% 27% 28% 28% 21% FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY23 <=15yrs 3,66,500 3,73,525 4,97,579 3,82,941 4,44,000 10,01,83 8,48,000 2,82,000 I>15yrs 2,25,000 1,54,520 1,80,529 2,04,000 2,38,000 2,65,575 3,31,000 1,08,000 Total 5,91,500 5,28,045 6,78,109 5,86,941 6,82,000 12,67,41 11,79,00 3,90,000 Auction of >15 year maturity bonds has been ~25-30% on an average facilitates writing annuity business at scale Source: CCIL & National Statistics Office, Union Budget, RBI Rs cr HDFC Life

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