Debt Management

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹45,960 Crore (Face Value).

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-VI-Issue date September 08, 2020) and in terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XII-Issue date March 09, 2021) 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 tranches shall be on March 07, 2026 (March 08 being holiday) and March 09, 2026 respectively.

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 14,000 March 11, 2026 (Wednesday) March 12, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 34,000

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 13,000 II. Competitive Bids Received (i) Number 298 287 (ii) Amount 46,871.860 42,381.350 III. Cut-off price / Yield 96.38 92.51 (YTM: 7.0848%) (YTM: 7.4940%) IV. Competitive Bids Accepted

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 96.38 / 7.0848% 92.51 / 7.4940% III. Amount accepted in the auction ₹16,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on March 06, 2026, 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 1.07 6.90% GS 2065 13,000 6,510 6,490 13,000 1.19 Auction for the sale of securities will be held on March 06, 2026.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on March 06, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹20,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities March 09, 2026 (Monday) 6.97% GS 2026 (Maturing on Sep 06, 2026) 2,000 7.50% GS 2034 (Maturing on Aug 10, 2034) 6.97% GS 2026 (Maturing on Sep 06, 2026) 2,000 8.32% GS 2032 (Maturing on Aug 02, 2032) 7.33% GS 2026 (Maturing on Oct 30, 2026) 3,000 6.57% GS 2033 (Maturing on Dec 05, 2033)

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 14,000 12,000 8,000 II. Competitive Bids Received (i) Number 130 121 131 (ii) Amount 43,906.800 40,490.800 29,480.000 III. Cut-off price / Yield 98.6928 97.3142 94.7107 (YTM: 5.3126 %) (YTM: 5.5350 %) (YTM: 5.6000 %) IV. Competitive Bids Accepted (i) Number 48 72 47 (ii) Amount 13,983.464 11,992.653 7,757.241 V. Partial Allotment Percentage of Competitive Bids 64.2415 % 6.3658 % 77.4175 % (2 bids) (5 bids) (6 bids) VI. Weighted Average Price/Yield 98.6955 97.3202 94.7166 (WAY: 5.3015 %) (WAY: 5.5223 %) (WAY: 5.5934 %)

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price 98.6928 (YTM:5.3126%) 97.3142 (YTM: 5.5350%) 94.7107 (YTM: 5.6000%) III. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore