Nine state governments collectively raised Rs 15,560 crore through a yield and price-based auction of State Government Securities (SGS) conducted on 11 November 2025, according to data released by the Reserve Bank of India (RBI).
Among the major issuers, Madhya Pradesh raised Rs 4,000 crore through three tranches with yields around 7.45-7.46% for maturities ranging between 16 and 19 years. Bihar mobilized Rs 1,500 crore through a 15-year bond at a yield of 7.44%, while Jammu and Kashmir garnered Rs 450 crore via a 20-year security at 7.46%.
Maharashtra raised Rs 2,000 crore through two issuances — an 8-year bond at 7.07% and a 12-year bond at 7.25%. Tamil Nadu accepted Rs 2,000 crore, including a 7-year bond at 7.01% and a re-issue of its 7.14% 2035 security at a yield of 7.11%, while it chose not to accept bids for the proposed 15-year tenor.
Chhattisgarh raised Rs 1,500 crore through two re-issues — the 6.59% 2028 SDL at 6.3876% yield and the 7.14% 2033 bond at 7.1408%. Telangana borrowed Rs 1,000 crore through a 31-year bond at 7.44%, while Mizoram accepted Rs 110 crore at 7.14% for an 8-year term.
In total, nine states and Union Territories participated in the auction, which saw an overall notified amount of Rs 16,560 crore, of which Rs 15,560 crore was accepted.