Debt Management

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-X-Issue date January 19, 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 next due date of premature redemption of the above tranche shall be on January 19, 2026.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹13,000 Crore (Face Value) Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 20 Yield 2. Jammu and Kashmir 500 15 Yield 3. Karnataka 2000 Re-issue of 7.25% Karnataka SGS 2032, issued on January 14, 2026 Price 2000 07 year and 06 months Yield 2000 11 year and 06 months Yield

(Amount in ₹ Crore) Auction Results    6.01% GS 2030    New GS 2076 I.    Notified Amount 18,000    13,000 II.    Competitive Bids Received    (i) Number 255    134 (ii) Amount    54,460.227    37,390.000 

6.01% GS 2030 New GS 2076 I. Notified Amount ₹18,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.21 /6.4743% 7.43% III. Amount accepted in the auction ₹18,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on January 16, 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) 6.01% GS 2030 18,000 9,009 8,991 18,000 0.60

In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-II-Issue date July 16, 2019) 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 next due date of premature redemption of the above tranche shall be on January 16, 2026.

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 12,000 8,000 II. Competitive Bids Received (i) Number 94 74 108 (ii) Amount 21,370.400 27,752.650 27,107.700 III. Cut-off price / Yield 98.6850 97.2853 94.6859 (YTM: 5.3447%) (YTM: 5.5962%) (YTM: 5.6278%) IV. Competitive Bids Accepted (i) Number 47 53 71 (ii) Amount 8,977.354 11,991.699 7,772.370 V.

T-Bill 91-Day 182-Day 364-Day Total Face Value Notified ₹9,000 Crore ₹12,000 Crore ₹8,000 Crore Cut-off Price and Implicit Yield at Cut-Off Price 98.6850 (YTM:5.3447%) 97.2853 (YTM: 5.5962%) 94.6859 (YTM: 5.6278%)

Government of India has announced the sale (issue / re-issue) of Government Securities, as detailed below, through auction to be held on January 16, 2026 (Friday).

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-IV-Issue date July 14, 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