Description

NSE lists 17 new government securities including T-bills and SDLs for trading on capital market segment effective August 1, 2025.

Summary

NSE has listed 17 new government securities on its capital market segment effective August 1, 2025. This includes 14 State Development Loans (SDLs) from various states and 3 Treasury Bills (T-bills) issued by the Government of India. All securities will have a standard lot size of 100 units for trading purposes.

Key Points

  • 17 new government securities admitted for trading from August 1, 2025
  • 14 State Development Loans from states including MP, HP, UK, KL, RJ, TN, OR, HR, PN, and AS
  • 3 Treasury Bills with tenors of 91 days, 182 days, and 364 days
  • All securities have uniform lot size of 100 units
  • Securities identified by designated codes for trading system
  • SDL coupon rates range from 6.14% to 7.28%
  • Maturity dates for SDLs range from 2028 to 2053

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under existing NSE Capital Market Trading Regulations Part A, specifically Regulation 3.1.1 for security admission and Regulation 2.5.5 for lot size specification.

Compliance Requirements

  • Trading members must use designated security codes for system identification
  • All trading must be conducted in specified lot sizes of 100 units
  • Members should update their systems to recognize new security codes before August 1, 2025

Important Dates

  • August 1, 2025: Effective date for trading of newly listed securities
  • Treasury Bill Maturities: October 30, 2025; January 29, 2026; July 30, 2026
  • SDL Maturities: Range from July 30, 2028 to July 30, 2053

Impact Assessment

The listing expands the government securities trading universe on NSE’s capital market segment, providing additional investment options for institutional and retail investors. The inclusion of various state securities with different maturity profiles and coupon rates enhances portfolio diversification opportunities. T-bills offer short-term liquidity management options while SDLs provide longer-term investment avenues with varying risk-return profiles across different states.

Impact Justification

Routine listing of government securities expands trading universe but has moderate market impact