Debt Management

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)