Debt Management

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹31,350 Crore (Face Value) Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 11 Yield 1000 15 Yield 1000 19 Yield 2. Bihar 1500 10 Yield 3. Gujarat 1000 09 Yield 4. Himachal Pradesh 350 04 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 (₹ crore) Auction Date Settlement Date 1 91-Day 7,000 December 03, 2025 (Wednesday) December 04, 2025 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 19,000

5.91% GS 2028 6.28% GS 2032 7.24% GS 2055 6.98% GOI SGrB 2054 Notified Amount ₹9,000 crore ₹11,000 crore ₹7,000 crore ₹5,000 crore Cut off Price (₹) / Implicit Yield at cut-off 100.30 / 5.7808% 99.17 / 6.4343% 99.41 / 7.2875% 97.22 / 7.2094% Amount accepted in the auction ₹9,000 crore ₹11,000 crore ₹7,000 crore ₹5,000 crore

In the underwriting auction conducted on November 28, 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

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on November 28, 2025 (Friday). As per the extant scheme of underwriting commitment

In terms of GOI Notification F.No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-IX-Issue date November 27, 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 final redemption date of

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 98.6805 (YTM:5.3633%) 97.3192 (YTM: 5.5244%)

The result of the auction of State Government Securities held on November 25, 2025, is as under: (Amount in ₹ Crore)

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Bihar 1500 1500 7.46 20 2. Chhattisgarh* 1000 500 7.19 10 1000 1000 99.01/7.4500 Re-issue of 7.34% Chhattisgarh SGS 2040, issued on October 23, 2025 3. Gujarat 1000 1000 6.98 07 1500 1500 7.07 08 4. Haryana 1000 1000 7.41 15

Government of India (GoI) has announced the sale (re-issue) of four 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 November 24, 2025 November 28, 2025 (Friday) December 01, 2025 (Monday) 2 6.28% GS 2032 Jul 14, 2032 11,000 3 7.24% GS 2055 Aug 18, 2055 7,000 4 6.98% GOI SGrB 2054 Dec 16, 2054 5,000 Total 32,000