State Government Securities - Full Auction Result

The yield/price based auction of state government securities yielded results for 12 states and union territories. Assam successfully raised the full amount of ₹1000 crore at a cut-off price of 97.55% and a yield of 8.0814%. Bihar accepted only ₹1533.882 crore out of the ₹2000 crore target, with the cut-off price at 96.56% and a yield of 8.0816%. Chhattisgarh did not accept any amount for the two securities issued.

Gujarat met its target by raising ₹1000 crore, with prices of 7.82% and 7.97% for 10-year and 13-year securities respectively. Haryana also met its target of ₹2000 crore, with prices of 98.99% and 15.99% for 10-year and 20-year securities. Jammu and Kashmir met its ₹1000 crore target at a cut-off price of 8.09%. Kerala exceeded expectations by raising ₹1000 crore at an exceptionally high yield of 100.50% for a 23-year security.

Mizoram managed to raise ₹100 crore at a yield of 96.15% for a 15-year security. Odisha met its ₹500 crore target at a cut-off price of 97.20% and a yield of 7.9770%. Tamil Nadu raised ₹2500 crore across three securities, with yields ranging from 8.0393% to 8.0786% for 10-year, 20-year, and 25-year securities respectively. Uttar Pradesh raised ₹1500 crore at a cut-off price of 100.91% for an 8.11% yield security.