Debt Management

The results of the auctions of 3.96% Government Stock 2022 (Re-Issue), 5.15% Government Stock 2025 (Re-Issue), 5.85% Government Stock 2030 (Re-Issue) and 6.80% Government Stock 2060 (Re-Issue) held on December 11, 2020 are: Auction Results 3.96% Government Stock 2022 5.15% Government Stock 2025* 5.85% Government Stock 2030 6.80% Government Stock 2060** I. Notified Amount ₹ 2000 Crore ₹ 11000 Crore ₹ 9000 Crore ₹ 6000 Crore II. Underwriting Notified Amount ₹ 2000 Crore

3.96% GS 2022 5.15% GS 2025 5.85% GS 2030 6.80% GS 2060 I. Notified Amount ₹2000 cr ₹11000 cr ₹9000 cr ₹6000 cr II. Cut off Price / Implicit Yield at cut-off 100.23/3.8319 100.00/5.1488 99.62/5.9006 103.41/6.5572 III. Amount accepted in the auction ₹2000 cr ₹9000 cr* ₹9000 cr ₹8000 cr# IV. Devolvement on Primary Dealers Nil Nil Nil Nil *Partial amount of ₹9000 cr has been accepted in 5.15% GS 2025 security. #Green Shoe of amount ₹2000 cr has been accepted in 6.80% GS

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹9,865 Cr. (Face Value). Sr. No. State Amount to be raised(₹ Cr) Additional Borrowing (Greenshoe) Option(₹ Cr) Tenure(Yrs) Type of Auction 1. Goa 100 - 10 Yield 2. Karnataka 1000 - 10 Yield 1000 - 15 Yield 3. Madhya Pradesh 2000 - Re-issue of 6.76% Madhya Pradesh SDL 2040 Issued on November 04, 2020 Price 4. Meghalaya 265 - 10 Yield 5. Rajasthan 500 - 5 Yie

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on December 11, 2020. As per revised 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

Auction Results 91 Day 182 Day 364 Day I. Notified Amount ₹ 9000 Crore ₹ 3000 Crore ₹ 4000 Crore II. Underwriting Notified Amount ₹ 0 Crore ₹ 0 Crore ₹ 0 Crore III. Competitive Bids Received (i) Number 132 80 60 (ii) Amount ₹ 56310.345 Crore ₹ 18006.5 Crore ₹ 15534 Crore IV. Cut-off price / Yield 99.2308 98.3555 96.6741 (YTM : 3.1092%) (YTM : 3.3532%) (YTM : 3.4498%) V. Competitive Bids Accepted (i) Number 25 29 30 (ii) Amount ₹ 8995.75 Crore ₹ 2997.434 Crore ₹ 3999.3

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹9,000 Crore ₹3,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 99.2308(YTM: 3.1092%) 98.3555 (YTM: 3.3532%) 96.6741 (YTM: 3.4498%) IV. Total Face Value Accepted ₹9,000 Crore ₹3,000 Crore ₹4,000 Crore Ajit Prasad Director Press Release: 2020-2021/746

The Result of the auction of State Development Loans for 13 State Governments held on December 8, 2020. Table (₹ in crore) ANDHRA PRADESH 2035 ASSAM 2030 CHHATTISGARH 2026 GOA 2030 Notified Amount 1000 500 1000 100 Underwriting Notified Amount NIL NIL NIL NIL Tenure 15 10 6 10 Competitive Bids Received (i) No. 96 65 85 38 (ii) Amount 4225.00 2215.00 8135.00 950.00 Cut-off Yield (%) 6.68 6.62 5.93 6.55 Competitive Bids Accepted (i) No. 4 31 11 1 (ii) Amount 900.00 466.

Sr. No. State Notified amount(₹ Cr) Amount Accepted(₹ Cr) Cut off Price/ Yield (%) Tenure(Yrs) 1. Andhra Pradesh 1000 1000 6.68 15 2. Assam 500 500 6.62 10 3. Chhattisgarh 1000 1000 5.93 6 4. Goa 100 100 6.55 10 5. Gujarat# 1500 0 NA 9 6. Karnataka 1000 1000 6.54 10 1000 1000 6.68 16 7. Mizoram 100 100 6.68 11 8. Nagaland 220 220 6.62 10 9. Punjab 500 500 100.44/6.6896 Re-issue of 6.73% Punjab SDL 2040 Issued on December 2, 2020 10. Rajasthan 1000 1000 6.60 10 11. Tam

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹28,000 crore as per the following details: Sr No Security Date of repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement date 1 3.96% GS 2022 November 09, 2022 2,000 F.No.4(5) W&M/2020 dated December 07, 2020 December 11, 2020 (Friday) December 14, 2020 (Monday) 2 5.15% GS 2025 November 09, 2025 11,000 3 5.85% GS 2030 Decemb

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹11,670 Cr. (Face Value). The revision is due to the addition of Andhra Pradesh. Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option(₹ Cr) Tenure (Yrs) Type of Auction 1. Andhra Pradesh 1000 - 15 Yield 2. Assam 500 - 10 Yield 3. Chhattisgarh 1000 - 6 Yield 4. Goa 100 - 10 Yield 5. Gujarat 1500 500 9 Yield 6. Karnataka 1000 - 10