Debt Management

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on February 20, 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: (₹ crore) Securities Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction 6.03% GS 2029 9,000 215 215 6.68% GS 2033 11,000 262 262 7.24% GS 2055 13,000 310 310

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 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

The result of the auction of State Government Securities held on February 17, 2026, is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037 ASSAM 2036 ASSAM 2046 GUJARAT 2031* Notified Amount 500 1000 1000 1000 Tenor 11 -Years Re-issue of 7.57% ASSAM SGS 2036 issued on 07-JAN-2026 20 -Years 5 -Year and 6 -Months Competitive Bids Received (i) No. 52 45 82 64 (ii) Amount 3988 4810 4310.100 7645 Cut-off Yield (%) 7.53 7.4798 7.76 6.98 Cut off Price (₹) 100 100.61 100 100 Competitive Bids Accepted

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 500 500 7.53 11 2. Assam 1000 1000 100.61/7.4798 Re-issue of 7.57% Assam SGS 2036, issued on January 07, 2026 1000 1000 7.76 20 3. Gujarat* 1000 1500 6.98 05 year and 06 months 4. Haryana 1000 1000 7.69 16 1000 1000 7.73 19 5. Jammu and Kashmir 500 500 7.74 20

Government of India (GoI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹33,000 crore as per the following details:

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 February 18, 2026 (Wednesday) February 20, 2026 (Friday) 2 182-Day 12,000 3 364-Day 8,000 Total 34,000

Auction Results New GS 2031 7.43% GS 2076 I. Notified Amount 18,000 13,000 II. Competitive Bids Received (i) Number 216 157 (ii) Amount 58,534.000 33,130.000 III. Cut-off price / Yield 100.00 99.31 (YTM: 6.3600%) (YTM: 7.4823%)

New GS 2031 7.43% GS 2076 I. Notified Amount ₹18,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 6.36% 99.31 / 7.4823% 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 February 13, 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

Government of India undertakes conversion/switch operations with market participants as well as with the Reserve Bank with the objective of smoothening its liability profile as well as for market development. As part of these operations, Government has undertaken conversion/switch transactions with the Reserve Bank on February 12, 2026 (settlement on February 13, 2026). The transactions involved Government buying back securities maturing in FY 2026-27 from the Reserve Bank and issuing a security for equivalent market value using Financial Benchmarks India Pvt Ltd. (FBIL) prices as on February 11, 2026, as per the details given below: