Result of Yield/Price Based Auction of State Government Securities

The yield/price based auction of state government securities resulted in varying levels of acceptance across different states. In Assam, only ₹805 crore was accepted out of the ₹1,000 crore target, which was for an 11-year security. Bihar managed to fully accept its ₹1,000 crore target for a 10-year security, while re-issuing two bonds, one with a 7.71% yield and the other with a 7.76% yield.

Chhattisgarh also met its ₹1,000 crore target for a 10-year security, re-issuing two bonds with 7.40% and 7.64% yields. Gujarat, however, did not accept any amount for a 12-year security. Haryana fully accepted its ₹1,000 crore target for a 12-year security, re-issuing two bonds with 7.90% and 7.64% yields. Karnataka fully accepted its ₹1,000 crore target for a 10-year security.

Keralam accepted its full ₹1,000 crore target for a 6-year security, while Mizoram accepted its ₹100 crore target for a 6-year security with a 7.94% yield. Odisha fully accepted its ₹1,000 crore target for a 10-year security, re-issuing two bonds with 7.16% and 7.64% yields. Tamil Nadu accepted its full ₹2,000 crore target for 10, 20, and 30-year securities at yields of 8.14%, 8.21%, and 8.18%, respectively.

Uttar Pradesh fully accepted its ₹1,500 crore target for a 12-year security and its ₹2,000 crore target for a 10-year security with a 7.82% yield. Uttarakhand fully accepted its ₹500 crore target for an 8-year security and its ₹500 crore target for a 26-year security with a 7.87% yield. West Bengal fully accepted its ₹1,000 crore target for a 18-year security with a 7.07% yield and an additional ₹1,220 crore for a 26-year security with an 8.16% yield.