Debt Management

In the underwriting auctions conducted on March 19, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No Treasury Bill Notified Amount(in ₹ crore) Auction Date Settlement date 1 91 Days 4,000 March 24, 2021 (Wednesday) March 25, 2021 (Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 19,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notifi

The rate of interest on Government of India Floating Rate Bond, 2033 (GOI FRB 2033) applicable for the half year March 22, 2021 to September 21, 2021 shall be 4.70 percent per annum. It may be recalled that FRB, 2033 will carry a coupon, which will have a Base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day i.e. March 22, 2021) of 182 Day T-Bills, plus a fixed spread (1.22%). Ajit Prasad Director Press Re

The results of the auctions of 5.15% Government Stock 2025 (Re-Issue), 5.85% Government Stock 2030 (Re-Issue), 6.76% Government Stock 2061 (Re-Issue) held on March 19, 2021 are: Auction Results 5.15% Government Stock 2025* 5.85% Government Stock 2030** 6.76% Government Stock 2061 I. Notified Amount ₹ 11000 Crore ₹ 11000 Crore ₹ 7000 Crore II. Underwriting Notified Amount ₹ 11000 Crore ₹ 11000 Crore ₹ 0 Crore III. Competitive Bids Received (i) Number 275 253 49 (ii) Am

5.15% GS 2025* 5.85% GS 2030** 6.76% GS 2061 I. Notified Amount ₹11,000 cr ₹11,000 cr ₹7,000 cr II. Cut off Price / Implicit Yield at cut-off 97.42/5.7914% 97.37/6.2138% 99.17/6.8202% III. Amount accepted in the auction ₹13000 cr ₹13000 cr ₹7,000 cr IV. Devolvement on Primary Dealers Nil Nil Nil * Green shoe amount of ₹2,000 crore has been accepted ** Green shoe amount of ₹2,000 crore has been accepted Ajit Prasad Director Press Release: 2020-2021/1270

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹18,315 Crore. (Face Value). Sr. No. State/UT Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction 1. Arunachal Pradesh 286 - 10 Yield 2. Assam 630 - 10 Yield 3. Chhattisgarh 1000 - 8 Yield 4. Goa 200 - 10 Yield 5. Gujarat 1500 500 10 Yield 6. Jharkhand 1000 - 15 Yield 7. Kerala 1000 - 2 Yield 1000 - 6 Yield

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on March 19, 2021. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under: (₹ in crore) Security Notified Amount Minimu

Auction Results 91 days 182 days 364 days I. Notified Amount ₹ 4000 Crore ₹ 7000 Crore ₹ 8000 Crore II. Competitive Bids Received (i) Number 78 83 131 (ii) Amount ₹ 19764.055 Crore ₹ 23079 Crore ₹ 31818 Crore III. Cut-off price / Yield 99.1868 98.2752 96.3143 (YTM: 3.2885%) (YTM: 3.5198%) (YTM: 3.8373%) IV. Competitive Bids Accepted (i) Number 20 31 39 (ii) Amount ₹ 3975.11 Crore ₹ 6999.938 Crore ₹ 7999.884 Crore V. Partial Allotment Percentage of Competitive Bids 7.6

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹4,000 Crore ₹7,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1868 (YTM: 3.2885%) 98.2752 (YTM: 3.5198%) 96.3143 (YTM: 3.8373%) IV. Total Face Value Accepted ₹4,000 Crore ₹7,000 Crore ₹8,000 Crore Ajit Prasad Director Press Release: 2020-2021/1253

The Result of the auction of State Development Loans for 15 State Governments held on March 16, 2021. Table (₹ in crore) ASSAM 2026 ASSAM 2027* BIHAR 2025 CHHATTISGARH 2029 Notified Amount 500 630 323 1000 Underwriting Notified Amount NIL NIL NIL NIL Tenure 5 6 4 8 Competitive Bids Received (i) No. 16 9 8 80 (ii) Amount 1024 199 534 5609 Cut-off Yield (%) 6.43 - 6.64 7.06 Competitive Bids Accepted (i) No. 1 - 7 14 (ii) Amount 494.999 - 319.799 937.999 Partial Allotmen