State governments across India raised a total of Rs 17,600 crore through a yield/price-based auction of state government securities held on Tuesday, 19 August 2025.
Bihar raised Rs 2,000 crore at a cut-off yield of 7.48% for a 14-year tenor, while Goa accepted Rs 100 crore at a yield of 7.17% for 10 years. Gujarat secured Rs 1,500 crore at 7.02% with an 8-year tenor, and Kerala garnered Rs 2,000 crore at 7.49% for a 31-year tenor.
Maharashtra raised Rs 4,000 crore through four separate re-issues, each of Rs 1,000 crore. These included re-issues of securities maturing in 2037, 2038, 2039, and 2040, with yields ranging from 7.30% to 7.39%.
Odisha accepted Rs 1,000 crore at a yield of 6.95% for a 6-year tenor. Tamil Nadu accepted Rs 1,000 crore at 7.09% for a tenor of 10 years, and an additional Rs 1,000 crore at 7.44% for a tenor of 30 years. Uttar Pradesh raised Rs 3,000 crore at a yield of 7.12% for 8 years, while West Bengal garnered Rs 2,000 crore at 7.45% for a 19-year tenor.
The auction saw steady demand for state government securities. The funds raised will support various developmental and fiscal requirements of the states.