Auction of State Government Securities
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹29,900 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 - Re-issue of 7.46% Andhra Pradesh SGS 2035, issued on August 12, 2026 Price 2000 - Re-issue of 7.81% Andhra Pradesh…
The upcoming auction of state government securities will raise an aggregate amount of ₹29,900 Crore across 12 Indian states and union territories. Notable offerings include Andhra Pradesh, which will raise ₹1000 Crore through the re-issue of 7.46% Andhra Pradesh SGS 2035 bonds, and Gujarat, which will raise ₹3000 Crore from re-issuing 7.96% and 8.06% Gujarat SGS 2035 and SGS 2038 bonds.
Karnataka, Madhya Pradesh, and Maharashtra are also participating in significant issuances, ranging from ₹2000 to ₹2200 Crore, with varying yield percentages. Delhi, Punjab, Rajasthan, Telangana, and West Bengal are contributing smaller amounts to the total auction, ranging from ₹500 to ₹1500 Crore. The auction will take place on November 03, 2026, via the Reserve Bank of India's Core Banking Solution (E-Kuber) system, with both competitive and non-competitive bids accepted electronically.
Individual investors can participate through the Retail Direct portal, while competitive bids must be submitted between 10:30 AM and 11:30 AM, and non-competitive bids between 10:30 AM and 11:00 AM. In case of technical issues, physical bids can be submitted to the Public Debt Office before the auction ends. The Reserve Bank of India will determine the maximum yield or minimum price at which bids will be accepted, and stock will be issued in multiples of ₹10,000.
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.