Debt Management

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Bihar 1500 1500 7.65 08 2. Gujarat* 1500 1500 7.07 05 1000 1500 7.16 06 3. Haryana 1000 1000 105.21/6.4731 Re-issue of 8.62% Haryana SDL 2028, issued on September 03, 2018 4. Jammu and Kashmir 570 570 7.60 20

Government of India (GoI) has announced the sale (re-issue) of three dated securities 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 5.91% GS 2028 Jun 30, 2028 9,000 F.No.4(1)-B(W&M)/2025 dated December 22, 2025 December 26, 2025 (Friday) December 29, 2025 (Monday) 2 6.28% GS 2032 Jul 14, 2032 11,000 3 7.24% GS 2055 Aug 18, 2055 12,000 Total 32,000

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹33,220 Crore (Face Value)

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

Auction Results 6.01% GS 2030 7.09% GS 2074 I. Notified Amount 18,000 12,000 II. Competitive Bids Received (i) Number 165 139 (ii) Amount 31,314.000 44,858.000 III. Cut-off price / Yield 98.65 96.30 (YTM: 6.3527%) (YTM: 7.3702%)

6.01% GS 2030 7.09% GS 2074 I. Notified Amount ₹18,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.65 / 6.3527% 96.30 / 7.3702% III. Amount accepted in the auction ₹18,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on December 19, 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

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on December 19, 2025 (Friday).

In terms of GOI notification F.No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-XII-Issue date December 18, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the

I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.7012 (YTM:5.2780%) 97.3326 (YTM: 5.4961%) 94.7963 (YTM: 5.5044%) IV. Total Face Value Accepted ₹7,000 Crore ₹6,000 Crore ₹6,000 Crore

The result of the auction of State Government Securities held on December 16, 2025, is as under: (Amount in ₹ Crore)

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series III Issue date June 16, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be on December 16, 2025.

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.01% GS 2030 Jul 21, 2030 18,000 F.No.4(1)-B(W&M)/2025 dated December 15, 2025 December 19, 2025 (Friday) December 22, 2025 (Monday)

A. Source Security 8.24% GS 2027 7.38% GS 2027 6.64% GS 2027 7.17% GS 2028 8.60% GS 2028 7.59% GS 2029 B. Notified Amount (in ₹ crore) 2,000 2,000 2,000 3,000 3,000 3,000 Destination Security 7.50% GS 2034 6.67% GS 2035 6.57% GS 2033 7.57% GS 2033 6.57% GS 2033 6.19% GS 2034 C. i. No. of offers received 16 25 4 29 28 17 ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,057.559 3,269.369 2,480.000 6,092.932 7,058.109 4,517.363

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹17,850 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 900 14 Yield 2. Chhattisgarh 1000 08 Yield 1000 Re-issue of 7.29% Chhattisgarh SGS 2030, issued on June 07, 2023 Price

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 December 17, 2025 (Wednesday) December 18, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 12,000 II. Competitive Bids Received (i) Number 260 170 (ii) Amount 36,063.000 32,398.000 III. Cut-off price / Yield 96.88 93.21 (YTM: 7.0250%) (YTM: 7.4340%) IV. Competitive Bids Accepted (i) Number 116 9 (ii) Amount 15,985.191 11,954.740

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 96.88/7.0250% 93.21/7.4340% III. Amount accepted in the auction ₹16,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on December 12, 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 1.80 6.90% GS 2065 12,000 6,006 5,994 12,000 1.34