Auction of State Government Securities
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹23,300.00 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 09 Yield 2. Bihar 1000 09 Yield 2000 Re-issue of 7.66% Bihar SGS 2041, issued on July 22, 2026 Price 3. Chhattisgarh 600 Re-issue of 7.83% Chhattisgarh SGS 2040, issued on…
The state governments of Assam, Bihar, Chhattisgarh, Gujarat, Himachal Pradesh, Jharkhand, Kerala, Manipur, Nagaland, Sikkim, Tamil Nadu, Uttar Pradesh, and Uttarakhand have collectively offered to sell ₹23,300.00 Crore worth of securities through an auction on October 27, 2026. The aggregate amount raised through these securities will include both new issues and re-issued securities.
The auction will be conducted electronically using the RBI's E-Kuber system. The ten per cent of the notified sale amount of each security will be allotted to eligible individuals and institutions, with a maximum limit of one per cent for a single bid per security. Individual investors can also participate through the RBI's Retail Direct portal.
The auction results will be announced on the same day, and payment will be made on October 28, 2026. The new securities will bear interest at rates determined by the RBI, paid half-yearly. Re-issued securities will also pay interest on a half-yearly basis until maturity. The securities are governed by the Government Securities Act, 2006 and Regulations, 2007, and are eligible for SLR under the Banking Regulation Act, 1949.
Investors must submit bids in electronic format by the specified time and adhere to the maximum bid limit for each state.
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.
