Auction of State Government Securities
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹20,100 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 Re-issue of 7.56% Andhra Pradesh SGS 2039, issued on July 01, 2026 Price 1600 Re-issue of 7.68% Andhra Pradesh SGS 2051, issued on July 29, 2026 Price 2. Gujarat 1000 10…
The Andhra Pradesh State Government plans to raise ₹1,000 Crore by auctioning ₹1,000 Crore worth of new and re-issued bonds, with a face value of ₹1,600. Gujarat will also auction ₹1,000 Crore worth of bonds, with two types: one with a 10% yield and another with a 15% yield. Haryana's auction will also feature two types of bonds, one with a 9% yield and the other with a 22% yield.
Maharashtra's auction will include bonds with yields of 5%, 13%, and 23%. Punjab's auction will offer two types of bonds, one with a 5.02% yield and the other with a 7.62% yield. Rajasthan will auction ₹1,500 Crore worth of bonds, with two types: one with a 7.68% yield and the other with a 7.65% yield. Tamil Nadu's auction will raise ₹1,000 Crore by offering three types of bonds, with yields of 7.49%, 7.62%, and 7.70%.
The auction will take place on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 25, 2026. Individual investors can also participate through the Retail Direct portal. The auction is expected to be conducted electronically, with bids to be submitted by 11:00 A.M. Bidders can submit multiple competitive bids, but the total amount should not exceed the notified amount for each state.
The yield or price will be expressed up to two decimal points. The stocks will bear interest payable half-yearly on February 27 and August 27 till maturity, with a minimum nominal amount of ₹10,000.00.
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.
