Auction of State Government Securities
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹20,200 Crore (Face Value). Sr. No. State/ UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.56% Assam SGS 2036, issued on July 22, 2026 Price 2. Bihar 1000 Re-issue of 7.66% Bihar SGS 2041, issued on July 22, 2026 Price 1000 Re-issue of 7.71% Bihar SGS…
The Assam, Bihar, Delhi, Jammu and Kashmir, Kerala, Madhya Pradesh, Mizoram, Odisha, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal governments have collectively offered to sell a total of ₹20,200 crore in state securities through an auction. The ten-year securities will be auctioned using the Reserve Bank of India's E-Kuber system on August 18, 2026.
State governments will allocate up to 10% of the notified sale amount to eligible individuals and institutions, with a maximum limit of 1% for a single bid per stock. Individual investors can participate through the Retail Direct portal. Competitive bids are due between 10:30 A.M. and 11:30 A.M., while non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M. In case of technical issues, physical bids can be submitted to the Public Debt Office.
The Reserve Bank of India will set the maximum yield or minimum price for accepted bids, and stocks will be issued in multiples of ₹10,000. Interest will be paid semi-annually on the auctioned securities, with a minimum nominal amount of ₹10,000. The investment in state government stocks qualifies as an eligible investment for banks' Statutory Liquidity Ratio requirements.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
