Reimagining Growth with Resilience

Government bond auctions Government Bonds - Tenorwise Issuance 65% 65% 71% 72% 73% 79% 35% 35% 29% 27% 28% 21% FY17 FY18 FY19 FY20 FY21 FY22 I>15yrs Total <=15yrs 3,73,525 1,54,520 4,97,579 3,82,941 4,44,000 10,01,835 8,48,000 1,80,529 2,04,000 2,38,000 2,65,575 3,31,000 5,28,045 6,78,109 5,86,941 6,82,000 12,67,410 11,79,000 Auction of >15 year maturity bonds has been ~25-30% on an average facilitates writing annuity business at scale 64 Source: CCIL & National Statistics Office, Union Budget, RBI Rs cr HDFC Life

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