Description

NSE lists 25 new government securities including 22 State Development Loans (SDLs) and 3 Treasury Bills (T-bills) for trading on capital market segment effective February 06, 2026.

Summary

NSE announces the listing of 25 government securities on the capital market segment effective February 06, 2026. The securities comprise 22 State Development Loans (SDLs) from various states including Uttar Pradesh, Maharashtra, Assam, Andhra Pradesh, Madhya Pradesh, Tamil Nadu, Karnataka, Punjab, West Bengal, Kerala, Chhattisgarh, Gujarat, Haryana, and Jammu & Kashmir, along with 3 Government of India Treasury Bills with varying maturities.

Key Points

  • 22 State Development Loans (SDLs) with coupon rates ranging from 6.9% to 7.75%
  • 3 Treasury Bills with tenors of 91 days, 182 days, and 364 days
  • SDL maturities range from 2030 to 2056
  • All securities will have a uniform lot size of 100 units
  • Securities will trade under the SG (Government Securities) and TB (Treasury Bills) market segments
  • Trading will commence from February 06, 2026

Regulatory Changes

No regulatory changes. This circular implements existing regulations:

  • Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A (admission to dealings)
  • Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A (lot size specifications)

Compliance Requirements

  • Members must use designated security codes for trading these securities on the system
  • Trading must be conducted in the specified lot size of 100 units for all listed securities
  • Securities to be identified by their designated symbol/series codes as specified in the annexure

Important Dates

  • Circular Issue Date: February 04, 2026
  • Effective Trading Date: February 06, 2026
  • T-bill Maturities:
    • 91D T-bill: May 07, 2026
    • 182D T-bill: August 06, 2026
    • 364D T-bill: February 04, 2027
  • SDL Maturities: Range from February 04, 2030 to February 04, 2056

Impact Assessment

Market Impact: Minimal to low. This is a routine listing of government securities that expands the debt securities available for trading on NSE’s capital market segment. The addition of these securities provides more investment options for institutional investors and traders dealing in government securities but does not affect equity markets or corporate stocks. The standardized lot size of 100 units maintains consistency with existing trading practices for government securities.

Impact Justification

Routine listing of government securities with standard trading parameters. No impact on equity markets or corporate stocks.