Description

NSE announces listing of 10 new government securities including 7 State Development Loans and 3 Treasury Bills on the capital market segment effective November 10, 2025.

Summary

NSE has notified the listing of 10 government securities on the capital market segment effective November 10, 2025. This includes 7 State Development Loans (SDLs) from Tamil Nadu, Telangana, Goa, Kerala, Andhra Pradesh, and Rajasthan, along with 3 Treasury Bills with varying maturity periods. All securities will trade in a standard lot size of 100 units.

Key Points

  • 7 State Development Loans (SDLs) from various states being listed
  • 3 Treasury Bills (T-bills) with maturity periods of 91 days, 182 days, and 364 days
  • All securities will have a uniform lot size of 100 units
  • Coupon rates for SDLs range from 6.66% to 7.48%
  • Securities will be identified by designated codes for trading purposes
  • Trading regulations per NSE Capital Market Trading Regulations Part A apply

Listed Securities Details

State Development Loans:

  1. SDL TN 7.14% 2035 (Tamil Nadu) - Maturity: Nov 06, 2035
  2. SDL TN 7.46% 2055 (Tamil Nadu) - Maturity: Nov 06, 2055
  3. SDL TS 7.45% 2057 (Telangana) - Maturity: Nov 06, 2057
  4. SDL GA 7.25% 2036 (Goa) - Maturity: Nov 06, 2036
  5. SDL KL 7.48% 2045 (Kerala) - Maturity: Nov 06, 2045
  6. SDL AP 7.3% 2037 (Andhra Pradesh) - Maturity: Nov 06, 2037
  7. SDL RJ 6.66% 2029 (Rajasthan) - Maturity: Nov 06, 2029

Treasury Bills:

  1. GOI TBILL 364D - Maturity: Nov 06, 2026
  2. GOI TBILL 182D - Maturity: May 08, 2026
  3. GOI TBILL 91D - Maturity: Feb 06, 2026

Regulatory Changes

No regulatory changes. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A, specifically Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes).

Compliance Requirements

  • Trading members must use designated security codes for these securities
  • All trades must be executed in the specified lot size of 100 units
  • Members should update their systems to accommodate the new securities before the effective date

Important Dates

  • Circular Date: November 06, 2025
  • Effective Date: November 10, 2025
  • Trading Commencement: November 10, 2025

Impact Assessment

This is a routine operational circular with minimal market impact. The listing of government securities expands the debt market offerings on NSE’s capital market segment. These securities provide fixed-income investment options for institutional and retail investors seeking government-backed instruments. The uniform lot size of 100 units maintains consistency with existing debt market practices. No operational changes are required for equity market participants.

Impact Justification

Routine listing of government securities with no direct impact on equity markets or trading members' operations