The auction saw participation from 17 states and union territories, with maturities ranging from three years to over two decades. Gujarat raised Rs 3,000 crore against a notified amount of Rs 2,000 crore after accepting an additional Rs 500 crore each in its 7-year-and-6-month and 11-year securities.

Andhra Pradesh raised Rs 3,000 crore across three securities with tenors of 13, 15 and 17 years at cut-off yields of 7.62%, 7.61% and 7.65%, respectively. Arunachal Pradesh raised Rs 190 crore at a yield of 7.75% for a 20-year security, while Assam mobilised Rs 900 crore through a 15-year bond at a yield of 7.62%.

Delhi issued a 10-year bond worth Rs 1,000 crore at a yield of 7.45%. Haryana raised Rs 3,000 crore across three securities with tenors of four, 12 and 18 years at yields of 6.79%, 7.53% and 7.69%, respectively. Jammu and Kashmir mobilised Rs 900 crore through a 15-year security at a yield of 7.79%.

Karnataka raised Rs 10,000 crore through five securities, including re-issues of previously issued bonds. The state raised Rs 2,000 crore each through re-issues of the 7.31% Karnataka SGS 2033 at a yield of 7.3289%, the 7.38% Karnataka SGS 2034 at 7.4102%, and the 7.48% Karnataka SGS 2037 at 7.4797%. It also issued fresh securities including a 10-year-and-6-month bond at a yield of 7.44% and a 14-year bond at 7.58%.

Kerala raised Rs 1,000 crore through a 23-year security at a yield of 7.68%. Madhya Pradesh mobilised Rs 5,800 crore across three securities with tenors of 10, 14 and 21 years at yields of 7.45%, 7.65% and 7.74%, respectively.

Mizoram raised Rs 120 crore at a yield of 7.74% for a 15-year bond. Punjab raised Rs 2,000 crore through a re-issue of the 7.62% Punjab SGS 2032 at a yield of 7.4995%. Sikkim raised Rs 250 crore via a 10-year security at a yield of 7.53%.

Tamil Nadu mobilised Rs 8,000 crore across five securities with maturities ranging from three to over 30 years. The state raised Rs 2,000 crore each through a three-year bond at a yield of 6.64% and a 10-year bond at 7.41%. It also issued a five-year security at 6.91% and re-issued the 7.23% Tamil Nadu SGS 2033 at a yield of 7.2296% and the 7.63% Tamil Nadu SGS 2056 at 7.6554%.

Tripura raised Rs 800 crore through a 15-year security at a yield of 7.74%. Uttar Pradesh mobilised Rs 3,500 crore through three re-issued securities maturing in 2037, 2041 and 2046 at yields of 7.5005%, 7.6401% and 7.7183%, respectively.

West Bengal raised Rs 3,500 crore through two securities with tenors of 18 and 22 years at yields of 7.72% and 7.70%, respectively.

The auction reflects steady borrowing activity by states through the market, with yields largely ranging between about 6.6% and 7.8% depending on tenor and issuer profile.