Description
NSE announces listing of T-bills and SDLs on capital market segment effective August 08, 2025 with designated security codes and lot sizes.
Summary
NSE announces the listing of Treasury Bills (T-bills) and State Development Loans (SDLs) on the capital market segment effective August 08, 2025. The circular provides designated security codes and lot sizes for 23 government securities including 3 T-bills and 20 SDLs from various states.
Key Points
- 23 government securities admitted to trading on NSE Capital Market segment
- Includes 3 Treasury Bills with maturities ranging from 91 days to 364 days
- 20 State Development Loans from 11 different states with coupon rates between 6.27% to 7.26%
- All securities have a uniform lot size of 100 units
- Securities identified by designated codes for trading purposes
- Effective date: August 08, 2025
Regulatory Changes
Pursuant to Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A, the exchange has admitted these securities for trading with specified lot sizes.
Compliance Requirements
- Trading members must use only designated security codes for these instruments
- Trading must be conducted in specified lot sizes of 100 units each
- All trading regulations applicable to capital market segment apply to these securities
Important Dates
- Effective Date: August 08, 2025
- T-bill Maturities:
- 91D061125: November 06, 2025
- 182D050226: February 05, 2026
- 364D060826: August 06, 2026
- SDL Maturities: Range from 2029 to 2055
Impact Assessment
This listing expands the range of government securities available for trading on NSE’s capital market segment, providing investors with additional fixed-income investment options. The inclusion of both short-term T-bills and long-term SDLs offers a comprehensive yield curve for government paper trading.
Impact Justification
Routine listing of government securities with operational impact for debt market participants