{
  "id": 8259610,
  "title": "Auction of State Government Securities",
  "url": "https://urgent.news/2026/09/18/auction-of-state-government-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T14:46:42.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63628"
  },
  "original_language": "en",
  "account": "The Union government auctioned State Government Securities for a total face value of ₹16,750 Crore on September 22, 2026. Andhra Pradesh offered ₹1,000 Crore for a re-issue of 7.56% Andhra Pradesh SGS 2039 with a price of ₹1,600. Goa auctioned ₹150 Crore at 3% yield. Gujarat provided ₹2,000 Crore through re-issues of 7.47% Gujarat SGS 2036 and 7.59% Gujarat SGS 2041, both priced at ₹1,000. Jammu and Kashmir sold ₹600 Crore at a 7.75% yield for SGS 2044 issued on September 09, 2026. Maharashtra auctioned ₹3,600 Crore through re-issues of 7.09% Maharashtra SGS 2031, 7.63% Maharashtra SGS 2039, and 7.70% Maharashtra SGS 2049, priced at ₹2,400, ₹1,600, and ₹1,600 respectively. Punjab offered ₹500 Crore at a 5% yield for SGS 2031 with a price of ₹1,500. Rajasthan auctioned ₹4,400 Crore via re-issues of 7.68% Rajasthan SGS 2044 and 7.65% Rajasthan SGS 2053, priced at ₹2,200 and ₹2,200 respectively. The auction utilized the Reserve Bank of India Core Banking Solution (E-Kuber) system. Individual investors could place bids as per the non-competitive scheme via the Retail Direct portal. Both competitive and non-competitive bids had to be submitted electronically on September 22, 2026. The successful bidders would receive payment on September 23, 2026. The stocks would bear interest at RBI-determined rates, paid half yearly till maturity.",
  "summary": "The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,750 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 Re-issue of 7.56% Andhra Pradesh SGS 2039, issued on July 01, 2026 Price 1600 Re-issue of 7.68% Andhra Pradesh SGS 2051, issued on July 29, 2026 Price 2. Goa 150 15…",
  "key_points": [
    "Union government auctioned State Government Securities for ₹16,750 Crore on September 22, 2026",
    "Goa auctioned ₹150 Crore at 3% yield for 7.56% Andhra Pradesh SGS 2039",
    "Rajasthan auctioned ₹4,400 Crore via re-issues of 7.68% Rajasthan SGS 2044"
  ],
  "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."
}