Description
NSE announces listing of 12 new government securities including T-bills and state development loans with effect from August 22, 2025.
Summary
NSE has announced the listing of 12 new government securities on its capital market segment effective August 22, 2025. The securities include 3 Treasury Bills with tenures of 91, 182, and 364 days, and 9 State Development Loans from various states including Bihar, Tamil Nadu, Gujarat, Uttar Pradesh, Goa, West Bengal, and others with coupon rates ranging from 6.95% to 7.49%.
Key Points
- 12 new government securities to be listed on NSE capital market segment
- Includes 3 Treasury Bills (91D, 182D, 364D) and 9 State Development Loans
- All securities have a uniform lot size of 100
- Trading to commence from August 22, 2025
- Securities identified by designated codes for trading purposes
- SDL coupon rates range from 6.95% (Odisha) to 7.49% (Kerala)
- Maturity periods span from November 2025 to August 2056
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 specifications.
Compliance Requirements
- Trading members must use designated security codes for transactions
- All trading must be conducted in specified lot sizes of 100 units
- Securities must be identified only by their designated codes on the trading system
Important Dates
- August 22, 2025: Effective date for listing and trading commencement
- Maturity dates range: November 20, 2025 (shortest) to August 20, 2056 (longest)
Impact Assessment
This listing expands the government securities market on NSE, providing additional investment options for institutional investors and market participants. The inclusion of both short-term T-bills and long-term SDLs offers diverse maturity profiles for portfolio management. The uniform lot size of 100 maintains consistency in trading parameters across all listed government securities.
Impact Justification
Regular listing of government securities that expands trading options for institutional investors