Description
NSE admits 4 State Development Loans (SDLs) and 3 Treasury Bills (T-bills) for trading on the Capital Market segment effective May 08, 2026, with lot sizes of 100 units each.
Summary
NSE has notified the admission of 7 government securities — comprising 4 State Development Loans (SDLs) and 3 Government of India Treasury Bills (T-bills) — for dealings on the National Stock Exchange Capital Market segment with effect from May 08, 2026. All securities carry a standard lot size of 100 units.
Key Points
- 4 SDLs issued by Tamil Nadu (3) and Rajasthan (1) are admitted for trading with coupon rates ranging from 7.43% to 7.80%
- 3 GOI T-bills with tenors of 91-day, 182-day, and 364-day are admitted for trading
- All securities trade under the SG (SDL) or TB (Treasury Bill) series on the Capital Market segment
- Effective date: May 08, 2026
- Lot size for all securities: 100 units
- Securities are identified solely by their designated codes for trading purposes
Regulatory Changes
No new regulatory changes. The listing is effected pursuant to existing Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Members must use the designated security codes when trading these instruments on the exchange system
- Trading must be conducted in the specified lot sizes (100 units) as per Regulation 2.5.5
- No additional compliance obligations are imposed beyond standard capital market trading rules
Important Dates
- Circular Date: May 06, 2026
- Effective Date: May 08, 2026 (trading commences)
- SDL Maturities:
- SDL RJ 7.43% 2031 (743RJ31): May 06, 2031
- SDL TN 7.50% 2032 (750TN32): May 06, 2032
- SDL TN 7.73% 2036 (773TN36): May 06, 2036
- SDL TN 7.80% 2041 (780TN41): May 06, 2041
- T-bill Maturities:
- 91-day T-bill (91D060826): August 06, 2026
- 182-day T-bill (182D051126): November 05, 2026
- 364-day T-bill (364D060527): May 06, 2027
Impact Assessment
This is a routine listing action with low market impact. The admission of these government securities expands the tradeable universe of debt instruments on NSE’s capital market segment, providing members with additional liquidity options in sovereign and state government paper. The SDL issuances from Tamil Nadu (with maturities up to 2041) and Rajasthan offer varying duration exposures. The three T-bill listings cover short-term sovereign instruments across the 91-, 182-, and 364-day tenors. No equity markets or corporate securities are affected. Impact is confined to fixed income/debt market participants.
| Symbol | Description | Coupon | Maturity | ISIN |
|---|---|---|---|---|
| 750TN32 | SDL TN 7.50% 2032 | 7.50% | 06-May-2032 | IN3120260010 |
| 743RJ31 | SDL RJ 7.43% 2031 | 7.43% | 06-May-2031 | IN2920260055 |
| 773TN36 | SDL TN 7.73% 2036 | 7.73% | 06-May-2036 | IN3120260028 |
| 780TN41 | SDL TN 7.80% 2041 | 7.80% | 06-May-2041 | IN3120260036 |
| 91D060826 | GOI TBILL 91D-06/08/26 | — | 06-Aug-2026 | IN002026X057 |
| 182D051126 | GOI TBILL 182D-05/11/26 | — | 05-Nov-2026 | IN002026Y055 |
| 364D060527 | GOI TBILL 364D-06/05/27 | — | 06-May-2027 | IN002026Z052 |
Impact Justification
Routine administrative listing of government securities (T-bills and SDLs) on the capital market segment. No regulatory changes or compliance obligations for members beyond standard trading procedures; impact is limited to debt market participants.