State governments raised Rs 15,330 crore in the latest yield- and price-based auction of State Government Securities conducted on 16 December 2025, according to data released by the Reserve Bank of India.
Most states saw full acceptance of their notified amounts across maturities ranging from 4 to 30 years, though a few issuers were selective on pricing.
Assam raised Rs 900 crore through a 14-year bond at a yield of 7.59%. Chhattisgarh mobilised Rs 2,000 crore, including a fresh 8-year issuance at 7.37% and a re-issue of its 7.29% 2030 security at a yield of 7.0694%.
Goa raised Rs 100 crore via a 10-year bond at 7.34%. Gujarat accepted Rs 1,000 crore for a 9-year security at 7.27% but did not accept any bids for its 15-year paper.
Maharashtra secured Rs 2,000 crore entirely through re-issues, with its 2033 security clearing at a yield of 7.2706% and its 2037 paper at 7.4189%.
Nagaland and Puducherry raised Rs 500 crore and Rs 350 crore, respectively, across 5- and 10-year maturities, with yields ranging between 7.14% and 7.56%.
Tamil Nadu mobilised Rs 4,000 crore across four maturities. It accepted funds for 4-, 7-, 10- and 30-year securities, with yields between 6.77% and 7.45%, while rejecting bids for its 11-year paper.
Uttar Pradesh raised Rs 2,480 crore across three tranches. It accepted the full amount for its 12-year and re-issued 2033 securities but took a partial amount of Rs 980 crore against the notified Rs 1,500 crore for the 14-year bond.
West Bengal raised Rs 2,000 crore through 16- and 19-year securities at yields of 7.61% and 7.52%, respectively.
The total acceptance was lower than the notified Rs 17,850 crore, reflecting selective acceptance by some states amid yield considerations.