Description
NSE notifies the listing of 16 State Development Loans and 3 Treasury Bills on the capital market segment effective January 19, 2026.
Summary
NSE has admitted 16 State Development Loans (SDLs) and 3 Treasury Bills (T-bills) for trading on the Capital Market segment effective January 19, 2026. The circular specifies security codes, lot sizes, coupon rates, maturity dates, and ISIN codes for all listed securities. All securities will trade in lot sizes of 100 units.
Key Points
- 16 State Development Loans from various states (Karnataka, West Bengal, Bihar, Chhattisgarh, Telangana, Mizoram, Punjab, Haryana, Assam, Tamil Nadu) listed
- 3 Government of India Treasury Bills listed (364-day, 91-day, and 182-day tenors)
- All securities have uniform lot size of 100 units
- SDL coupon rates range from 7.25% to 7.65%
- SDL maturity dates span from 2027 to 2052
- Securities identified by designated codes for trading system
- Trading permitted only in specified lot sizes
Regulatory Changes
No regulatory changes. This is a routine listing notification pursuant to Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- Members must use designated security codes for trading these securities
- Trading must be conducted in lot sizes of 100 units as specified
- No additional compliance requirements for market participants
Important Dates
- Circular Date: January 14, 2026
- Effective Date: January 19, 2026
- T-bill Maturities: April 17, 2026 (91D), July 17, 2026 (182D), January 15, 2027 (364D)
- SDL Maturities: Range from January 14, 2031 to January 14, 2052
Impact Assessment
Market Impact: Minimal. This is a routine administrative listing of government debt securities that expands the universe of tradable instruments on NSE’s capital market segment.
Operational Impact: Trading members gain access to additional government securities for client portfolios and proprietary trading. The uniform lot size of 100 simplifies trading operations.
Investor Impact: Provides retail and institutional investors with more options for government-backed fixed income investments across different maturities and states.
Impact Justification
Routine listing of government securities with no impact on equity markets or trading participants beyond availability of new debt instruments