The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹11,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Assam 500 15 Yield 2. Gujarat 1000 09 Yield 1000 10 Yield

Auction Results 6.92% GS 2039 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Underwriting Notified Amount ₹16,000 crore ₹16,000 crore III. Competitive Bids Received (i) Number 281 268 (ii) Amount ₹42,553.500 crore ₹42,097.000 crore IV. Cut-off price / Yield 103.25 99.18 (YTM: 6.5691%) (YTM: 6.9605%)

6.92% GS 2039 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 103.25/6.5691% 99.18/6.9605% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on May 09, 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)

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on May 09, 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:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 68 61 90 (ii) Amount ₹36730.090 Crore ₹23046.000 Crore ₹33225.000 Crore III. Cut-off price / Yield 98.5554 97.1517 94.4613 (YTM: 5.8792%) (YTM: 5.8797%) (YTM: 5.8796%) IV. Competitive Bids Accepted (i) Number 9 1 1 (ii) Amount ₹8973.404 Crore ₹4980.491 Crore ₹4963.533 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Cror

The result of the auction of State Government Securities held on May 06, 2025, is as under: (Amount in ₹ Crore) ANDHRA SGS 2032 ANDHRA SGS 2034* ANDHRA SGS 2035 ANDHRA SGS 2036 Notified Amount 1000 2000 2000 1000 Tenure 7 9 10 11 Competitive Bids Received (i) No. 41 31 38 38 (ii) Amount 3455 1780 4645 1780 Cut off Price (₹)/ Yield (%) 6.67 6.83 6.71 6.79

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh* 1000 1000 6.67 07 2000 1822.03 6.83 09 2000 2000 6.71 10

In terms of GOI Notification F. No.4(25)-W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 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 May 06, 2025.

Government of India (GOI) has announced the sale (re-issue) of two 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 6.92% GS 2039 Nov 18, 2039 16,000 F.No.4(1)-B(W&M)/2025 dated May 05, 2025 May 09, 2025 (Friday) May 13, 2025 (Tuesday) 2 6.90% GS 2065 Apr 15, 2065 16,000 Total 32,000

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹23,000 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 07 Yield 2000 09 Yield 2000 10 Yield 1000 11 Yield 1000 12 Yield

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹21,000 Crore (Face Value).

In terms of GOI Notification F. No.4(8)-(W&M)/2018 dated April 13, 2018 (SGB 2018-19 Series I - Issue date May 04, 2018) 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 May 03, 2025 (May 04, 2025 being a holiday).

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 Days 9,000 May 07, 2025 (Wednesday) May 08, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

Auction Results 6.64% GS 2027 New GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹30,000 crore III. Competitive Bids Received (i) Number 92 312 (ii) Amount ₹33,530.927 crore ₹1,29,617.000 crore IV. Cut-off price / Yield 101.49 - (YTM: 6.0080%) (YTM: 6.33%)

6.64% GS 2027 New GS 2035 I. Notified Amount ₹6,000 crore ₹30,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.49/6.0080% 6.33% III. Amount accepted in the auction ₹6,000 crore ₹30,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on May 02, 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

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 68 78 87 (ii) Amount ₹21082.255 Crore ₹19716.700 Crore ₹23359.200 Crore III. Cut-off price / Yield 98.5495 97.1300 94.4301

I. T-Bill 91 days 182 days 364 days 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 98.5495 (YTM:5.9036%) 97.1300 (YTM: 5.9258%) 94.4301 (YTM: 5.9146%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year April 30, 2025 to October 29, 2025 shall be 6.99 per cent per annum. It may be recalled that FRB 2034 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., April 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

In terms of GOI Notification F.No. 4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series V - Issue date October 30, 2017) and GOI Notification F. No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series VI - Issue date October 30, 2019) 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 April 30, 2025.

The result of the auction of State Government Securities held on April 29, 2025, is as under: (Amount in ₹ Crore) HARYANA SGS 2038 HIMACHAL PR SGS 2032 HIMACHAL PR SGS 2034 KERALA SGS 2046 Notified Amount 1000 500 800 2000 Tenure 13 7 9 21 Competitive Bids Received (i) No. 42 14 15 13 (ii) Amount 3040 1825 1340 4260

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Haryana 1000 1000 6.75 13 2. Himachal Pradesh 500 500 6.65 7 800 800 6.79 9 3. Kerala 2000 2000 6.78 21 4. Maharashtra 2000 2000 6.77 12

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: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.64% GS 2027 Dec 09, 2027 6,000 F.No.4(1)-B(W&M)/2025 dated April 28, 2025 May 02, 2025 (Friday) May 05, 2025 (Monday) 2 New GS 2035 May 05, 2035 30,000 Total 36,000

In terms of GOI Notification F. No. 4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series I - Issue date April 28, 2020) 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 April 28, 2025.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹24,700 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1 Haryana 1000 13 Yield 2 Himachal Pradesh 500 7 Yield 800 9 Yield 3 Kerala 2000 21 Yield 4 Maharashtra 2000 12 Yield 2000 13 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 Days 9,000 April 30, 2025 (Wednesday) May 02, 2025 (Friday) 2 182 Days 5,000 3 364 Days 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 200 219 (ii) Amount ₹42,433.000 crore ₹32,418.000 crore IV. Cut-off price / Yield 102.35 103.46 (YTM:6.1587%) (YTM:6.8145%) V. Competitive Bids Accepted

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 102.35/6.1587% 103.46/6.8145% III. Amount accepted in the auction ₹15,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on April 25, 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)

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on April 25, 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:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 85 83 102 (ii) Amount ₹28246.100 Crore ₹18536.500 Crore ₹24947.000 Crore III. Cut-off price / Yield 98.5492 97.1180 94.3987 (YTM: 5.9048%) (YTM: 5.9514%) (YTM: 5.9500%)

I. T-Bill 91 days 182 days 364 days 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 98.5492 (YTM:5.9048%) 97.1180 (YTM: 5.9514%) 94.3987 (YTM: 5.9500%) 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 IV-Issue date October 23, 2017) and GOI Notification F. No.4(22)-W&M/2018 dated October 08, 2018 (SGB 2018-19 Series II-Issue date October 23, 2018) 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 April 23, 2025.

The result of the auction of State Government Securities held on April 22, 2025, is as under: (Amount in ₹ Crore) ASSAM SGS 2040 CHHATTISGARH SDL 2028 MAHARASHTRA SGS 2037 MAHARASHTRA SGS 2038 Notified Amount 900 970 2000 2000 Tenure 15 Re-issue of 6.62% Chhattisgarh SDL 2028, issued on October 27, 2021 12 13 Competitive Bids Received

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1 Assam 900 900 6.75 15 2 Chhattisgarh 970 970 100.84/ 6.3490 Re-issue of 6.62% Chhattisgarh SDL 2028, issued on October 27, 2021 3 Maharashtra 2000 2000 6.76 12 2000 2000 6.72 13 1500 1500 6.75 14

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹27,000 crore as per the following details:

Sr No

Security

Date of Repayment

Notified Amount

(₹ Crore)

GoI specific Notification

Auction

Date

Settlement Date

1

6.75% GS 2029

Dec 23, 2029

15,000

F.No.4(1)-B(W&M)/2025 dated
April 21, 2025

April 25, 2025 (Friday)

April 28, 2025

(Monday)

2

7.09% GS 2054

Aug 05, 2054

12,000

Total

27,000

2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.  

A. Source Security 6.99% GS 2026 8.33% GS 2026 6.97% GS 2026 8.15% GS 2026 B. Notified Amount (amount in ₹ cr) 3,000 3,000 4,000 5,000 Destination Security 6.22% GS 2035 6.64% GS 2035 6.67% GS 2035 6.19% GS 2034 C. i. No. of offers received 19 13 49 17

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹10,870 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Assam 900 15 Yield 2 Chhattisgarh 970 Re-issue of 6.62% Chhattisgarh SDL 2028, issued on October 27, 2021 Price

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 Days 9,000 April 23, 2025 (Wednesday) April 24, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

Auction Results 6.79% GS 2031 6.98% GOI SGrB 2054 7.09% GS 2074 I. Notified Amount ₹11,000 crore ₹5,000 crore ₹14,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹5,000 crore ₹14,000 crore III. Competitive Bids Received (i) Number 171 83 155 (ii) Amount ₹36,543.860 crore ₹9,920.000 crore ₹31,324.000 crore IV. Cut-off price / Yield 103.14 101.29 102.72 (YTM:6.2072%) (YTM:6.8765%) (YTM:6.8951%) V. Competitive Bids Accepted (i) Number 22 44 70 (ii) Amount 10,996.946 crore 4,999.701 crore 13,991.107 crore VI. Partial Allotment Percentage of Competitive Bids 87.85% 39.70% 69.52%

6.79% GS 2031 6.98% GOI SGrB 2054 7.09% GS 2074 I. Notified Amount ₹11,000 crore ₹5,000 crore ₹14,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 103.14/6.2072% 101.29/6.8765% 102.72/6.8951%

In the underwriting auction conducted on April 17, 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)

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 86 92 98 (ii) Amount ₹21435.570 Crore ₹19505.300 Crore ₹23519.900 Crore III. Cut-off price / Yield 98.5418 97.0858 94.3406 (YTM: 5.9354%) (YTM: 6.0198%) (YTM: 6.0154%) IV. Competitive Bids Accepted

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on April 17, 2025 (Thursday). 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:

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹28,000 crore (face value). The security-wise details of the conversion/switch are given as under:

In terms of GOI Notification F. No.4(25)-W&M/2017 dated October 06, 2017 (SGB 2017-18 Series III-Issue date October 16, 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 April 16, 2025.

The result of the auction of State Government Securities held on April 15, 2025, is as under: (Amount in ₹ Crore) CHHATTISGARH SDL 2028 TAMILNADU SGS 2035 TELANGANA SGS 2056 Total Notified Amount 1000 1000 1000 3000 Tenure Re-issue of 6.53% Chhattisgarh SDL 2028, issued on September 15, 2021 10 31 Competitive Bids Received (i) No. 23 63 10 96 (ii) Amount 3630 4625 3550 11805

In terms of GOI Notification F.No.4 (7) – B (W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series V-Issue date October 15, 2019) 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 April 15, 2025.