Description

NSE notifies the listing of 11 State Development Loans and 3 Treasury Bills on the capital market segment effective December 12, 2025.

Summary

NSE has notified the listing of 11 State Development Loans (SDLs) from various Indian states and 3 Treasury Bills (T-bills) on the capital market segment. These securities will be available for trading from December 12, 2025, under designated security codes with a uniform lot size of 100 units.

Key Points

  • 11 State Development Loans from Haryana, Meghalaya, Bihar, Arunachal Pradesh, Gujarat, Maharashtra, Jammu & Kashmir, Mizoram, and Uttar Pradesh listed
  • 3 Government of India Treasury Bills with tenors of 91 days, 182 days, and 364 days listed
  • All securities will have a lot size of 100 units for trading
  • Trading commences on December 12, 2025
  • SDL coupon rates range from 7.19% to 7.65%
  • Maturity dates for SDLs range from 2033 to 2045

Securities Listed

State Development Loans:

  1. Haryana 7.52% 2041 (ISIN: IN1620250259)
  2. Meghalaya 7.57% 2034 (ISIN: IN2420250069)
  3. Bihar 7.6% 2037 (ISIN: IN1320250203)
  4. Arunachal Pradesh 7.55% 2045 (ISIN: IN1120250023)
  5. Haryana 7.52% 2042 (ISIN: IN1620250267)
  6. Gujarat 7.19% 2033 (ISIN: IN1520250219)
  7. Maharashtra 7.29% 2035 (ISIN: IN2220250400)
  8. Jammu & Kashmir 7.65% 2037 (ISIN: IN4920250193)
  9. Mizoram 7.62% 2038 (ISIN: IN2520250076)
  10. Maharashtra 7.48% 2045 (ISIN: IN2220250418)
  11. Uttar Pradesh 7.24% 2033 (ISIN: IN3320250142)

Treasury Bills:

  1. GOI TBILL 91D-12/03/26 (ISIN: IN002025X372) - Maturity: March 12, 2026
  2. GOI TBILL 182D-11/06/26 (ISIN: IN002025Y370) - Maturity: June 11, 2026
  3. GOI TBILL 364D-10/12/26 (ISIN: IN002025Z377) - Maturity: December 10, 2026

Regulatory Framework

  • Listing pursuant to Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Lot sizes specified under Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
  • Securities identifiable by designated codes on trading system

Compliance Requirements

  • Trading members should update their systems to recognize new security codes
  • All trades must be executed in the specified lot size of 100 units
  • Securities to be identified by designated codes in the trading system

Important Dates

  • Circular Date: December 10, 2025
  • Effective Date for Trading: December 12, 2025

Impact Assessment

This is a routine administrative notification for listing government securities on the capital market segment. The listing expands the available universe of debt instruments for institutional and retail investors. There is no direct impact on equity trading operations or member obligations beyond standard system updates for new security codes.

Impact Justification

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