Debt Management

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹9,410 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 900 08 Yield 1000 11 Yield 2. Gujarat 2000 08 Yield 3. Jammu and Kashmir 400 12 Yield 4. Maharashtra 1000 16 Yield 1000 17 Yield 1500 Re-issue of 7.18% Maharashtra SGS 2033, issued on September 10, 2025 Price 1500 Re-issue of 7.27% Maharashtra SGS 2036, issued on September 24, 2025 Price

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October – December 2025, is expected to be ₹2,81,865.00 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under: Month Proposed Date Expected quantum of borrowing (in ₹ Crore) States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Crore)

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2025 to April 03, 2026 shall be 6.22 per cent per annum. It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2025) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

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 October 08, 2025 (Wednesday) October 09, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

(Amount in ₹ Crore) Auction Results New GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 365 (ii) Amount 1,39,545.000 III. Cut-off price / Yield 100.00

New GS 2035 I. Notified Amount ₹32,000 crore II. Cut off Yield 6.48% III. Amount accepted in the auction ₹32,000 crore IV. Devolvement on Primary Dealers NIL

In the underwriting auction conducted on October 03, 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) New GS 2035 32,000 16,002 15,998 32,000 0.15