Debt Management

Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹36,000 crore as per the following details:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,200 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Gujarat 1500 03 Yield 2. Haryana 1000 13 Yield 1000 15 Yield 3. Jammu and Kashmir 200 21 Yield 4. Kerala 2000 27 Yield

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91-Day 9,000 June 25, 2025 (Wednesday) June 26, 2025 (Thursday) 2 182-Day 5,000 3 364-Day 5,000 Total 19,000

Auction Results 6.75% GS 2029 7.09% GS 2054 I. Notified Amount ₹15,000 crore ₹12,000 crore II. Underwriting Notified Amount ₹15,000 crore ₹12,000 crore III. Competitive Bids Received (i) Number 198 304 (ii) Amount ₹38560.613 Crore ₹47923.602 Crore

Government Stock - Auction Results: Cut-off 6.75% GS 2029 7.09% GS 2054 I. Notified Amount ₹15,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 102.85/6.0176% 100.46/7.0517%

In the underwriting auction conducted on June 20, 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) 6.75% GS 2029 15,000 7,518 7,482 15,000 0.58 7.09% GS 2054 12,000 6,006 5,994 12,000 0.94 Auction for the sale of securities will be held on June 20, 2025.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 20, 2025 (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:

Treasury Bill: Full Auction Result Auction Results    91-day    182-day    364-day I.    Notified Amount    ₹9,000 Crore    ₹5,000 Crore    ₹5,000 Crore II.    Competitive Bids Received    (i) Number    127    85    90 (ii) Amount    ₹36084.290 Crore    ₹23389.050 Crore    ₹24305.250 Crore III.    Cut-off price / Yield    98.6819    97.3508    94.8003 (YTM: 5.3575%)    (YTM: 5.4575%)    (YTM: 5.5000%) 

I. T-Bill 91-day 182-day 364-day II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6819 (YTM:5.3575%) 97.3508 (YTM: 5.4575%) 94.8003 (YTM: 5.5000%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

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, 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 June 18, 2025.