Description
NSE announces listing of 23 new Treasury Bills and State Development Loans for trading on capital market segment effective September 5, 2025.
Summary
NSE has announced the listing of 23 new government securities on its capital market segment, comprising Treasury Bills (T-bills) and State Development Loans (SDLs) from various states. These securities will be available for trading from September 5, 2025, with specified security codes and lot sizes of 100 units each.
Key Points
- 20 State Development Loans from states including Andhra Pradesh, Assam, Kerala, Telangana, Maharashtra, Gujarat, Tamil Nadu, Punjab, Bihar, Rajasthan, and Manipur
- 3 Treasury Bills with maturities of 91 days (December 2025), 182 days (March 2026), and 364 days (September 2026)
- All securities have a uniform lot size of 100 units for trading
- Coupon rates for SDLs range from 6.27% to 7.78%
- Maturity periods for SDLs extend from 2027 to 2063
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification under existing NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- Trading members must use designated security codes for identification and trading
- All trading must comply with specified lot sizes of 100 units
- Securities identification follows NSE trading system requirements
Important Dates
- Effective Date: September 5, 2025
- T-bill Maturities: December 4, 2025; March 5, 2026; September 3, 2026
- SDL Maturities: Range from September 3, 2027 to September 3, 2063
Impact Assessment
This listing expands the government securities market on NSE, providing additional investment options for institutional investors and enhancing market liquidity for government debt instruments. The variety of maturities and states represented offers diversified exposure to Indian government securities.
Impact Justification
Routine listing of government securities that expands trading options for institutional investors