Debt Management

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹9,410 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 900 08 Yield 1000 11 Yield 2. Gujarat 2000 08 Yield 3. Jammu and Kashmir 400 12 Yield 4. Maharashtra 1000 16 Yield 1000 17 Yield 1500 Re-issue of 7.18% Maharashtra SGS 2033, issued on September 10, 2025 Price 1500 Re-issue of 7.27% Maharashtra SGS 2036, issued on September 24, 2025 Price

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October – December 2025, is expected to be ₹2,81,865.00 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under: Month Proposed Date Expected quantum of borrowing (in ₹ Crore) States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Crore)

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2025 to April 03, 2026 shall be 6.22 per cent per annum. It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2025) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 7,000 October 08, 2025 (Wednesday) October 09, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

(Amount in ₹ Crore) Auction Results New GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 365 (ii) Amount 1,39,545.000 III. Cut-off price / Yield 100.00

New GS 2035 I. Notified Amount ₹32,000 crore II. Cut off Yield 6.48% III. Amount accepted in the auction ₹32,000 crore IV. Devolvement on Primary Dealers NIL

In the underwriting auction conducted on October 03, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (Paise per ₹100) New GS 2035 32,000 16,002 15,998 32,000 0.15

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 7,000 6,000 6,000 II. Competitive Bids Received (i) Number 78 76 85 (ii) Amount 19,830.200 15,190.700 22,246.500 III. Cut-off price / Yield 98.6502 97.2883 94.7108 (YTM: 5.4881%) (YTM: 5.5899%) (YTM: 5.5999%) IV. Competitive Bids Accepted (i) Number 29 31 21

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

The result of the auction of State Government Securities held on September 30, 2025, is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2045 ANDHRA PRADESH SGS 2046 BIHAR SGS 2043 BIHAR SGS 2049 Notified Amount 1000 1000 2000 2000 Tenor 20 -Years 21 -Years 18 -Years 24 -Years Competitive Bids Received (i) No. 32 26 83 34 (ii) Amount 3575 3725 7092.100 5495.100 Cut-off Yield (%) 7.50 7.50 7.58 7.57

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1000 1000 7.50 20 1000 1000 7.50 21 2. Bihar 2000 2000 7.58 18 2000 2000 7.57 24 3. Goa 100 100 7.37 11 4. Haryana 1000 1000 7.43 14 1000 1000 7.44 16 5. Kerala 2000 2000 7.49 15

Government of India (GoI) has announced the sale (issue) of one dated security for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2035 October 06, 2035 32,000 F.No.4(1)-B(W&M)/2025 dated September 29, 2025 October 03, 2025 (Friday) October 06, 2025 (Monday) Total 32,000

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

(For the Quarter ending December 2025) Reserve Bank of India, in consultation with the Government of India, hereby, releases the calendar for issuance of Treasury Bills for the quarter ending December

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India, hereby, releases the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrBs), for the second half of the fiscal year 2025-26 (October 01, 2025 to March 31, 2026). The

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹34,100 Crore (Face Value).

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 16,000 II. Competitive Bids Received (i) Number 245 259 (ii) Amount 40,050.000 43,834.352 III. Cut-off price / Yield 98.50 95.60 (YTM: 6.8414%) (YTM: 7.2385%)

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.50/6.8414% 95.60/7.2385% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on September 26, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (Paise per ₹100) 6.68% GS 2040 16,000 8,001 7,999 16,000 0.38 6.90% GS 2065 16,000 8,001 7,999 16,000 0.38