In the latest yield/price-based auction of state government securities held on 12 August 2025, six states and union territories collectively raised Rs 8,450 crore, matching the total notified amount.
Bihar raised Rs 2,000 crore for a 30-year tenor security at a cut-off yield of 7.43%. Goa tapped the market for Rs 100 crore with an 11-year bond at a yield of 7.12%.
Haryana issued Rs 1,000 crore through the re-issuance of its State Development Loan (SDL) originally issued on 3 September 2018. The bond, with a maturity date in 2028, cleared at a cut-off price of Rs 105.96, equating to a yield of 6.4377%.
Jammu and Kashmir fetched Rs 350 crore, its 15-year bond clearing at a yield of 7.35%.
Maharashtra was the most active borrower, mobilising Rs 4,000 crore through four re-issues of securities launched in July and August this year. These included two 7.14% bonds maturing in 2045 and 2046, priced for yields of around 7.32%, and two longer-dated papers, the 7.17% 2054 and 7.16% 2055, at slightly higher yields above 7.41%.
Telangana rounded off the auction with Rs 1,000 crore raised through a 35-year bond at 7.33%.
The securities carry varying maturities, reflecting a mix of long-term borrowing strategies among the participating states.