{
  "id": 3979588,
  "title": "Auction of State Government Securities",
  "url": "https://urgent.news/2026/08/28/auction-of-state-government-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T14:40:16.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63468"
  },
  "original_language": "en",
  "account": "The Indian state governments are auctioning securities with an aggregate face value of ₹27,000 Crore. Assam is re-issuing 7.62% Assam SGS bonds maturing in 2046, followed by Bihar and Chhattisgarh, each re-issuing bonds with yields of 7.42%, 7.40%, and 7.64% respectively. Himachal Pradesh, Jharkhand, and Kerala each offer re-issued bonds with varying yields and tenors. Madhya Pradesh, Manipur, Odisha, and Sikkim also have re-issued securities with different yields and tenors. Tamil Nadu has four sets of re-issued bonds with yields ranging from 7.49% to 7.70% and tenors up to 2051. Telangana, Uttar Pradesh, and Uttarakhand offer re-issued securities with yields between 7.14% and 7.65%. Finally, West Bengal offers re-issued bonds with varying yields and tenors, totaling to a significant sum. The auction will be conducted on the RBI's E-Kuber system on September 1, 2026, and eligible individuals and institutions can bid up to 10% of the notified amount for each stock, with a maximum of 1% per stock. Individual investors can also participate through the Retail Direct portal, and bids must be submitted electronically before the auction ends.",
  "summary": "The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,000 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.62% Assam SGS 2046, issued on January 21, 2026 Price 2. Bihar 800 Re-issue of 7.42% Bihar SGS 2035, issued on July 08, 2026 Price 1200 25 Yield 3. Chhattisgarh 500…",
  "key_points": [
    "Indian state governments auction securities worth ₹27,000 Crore",
    "Assam re-issues 7.62% bonds maturing in 2046",
    "Auction conducted on RBI's E-Kuber system on September 1, 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}