The Reserve Bank of India has published the official outcome for the auction of State Government Securities conducted on August 11, 2026. Multiple states participated in the borrowing exercise, resulting in a total notified amount of ₹15,300 crore across various tenors and re-issued securities.
Auction Participation and Total Allotments
During the trading session, market participants submitted a robust volume of competitive and non-competitive bids. Across all participating state securities, the total competitive bids received amounted to ₹58,618.979 crore through 1,032 distinct bids. Out of these, 219 competitive bids succeeded in securing allotments amounting to ₹14,422.908 crore. Additionally, non-competitive segment participants placed 128 bids totaling ₹1,310.124 crore, with 128 bids fully accepted amounting to ₹877.092 crore.
State-Wise Breakdown of Securities
The borrowing program featured issuances and re-issues from several states with varying maturity profiles and yields:
- Andhra Pradesh raised funds across three securities (2035, 2043, and 2056 tenors) totaling ₹3,800 crore.
- Gujarat secured a total of ₹2,500 crore through its 2035 and 2038 securities.
- Maharashtra mobilized ₹5,600 crore across three distinct tenors maturing in 2034, 2044, and 2054.
- Meghalaya raised ₹400 crore via its 2038 security re-issue.
- Punjab successfully allotted ₹1,500 crore across 2033 and 2043 tenors.
- Rajasthan completed its borrowing with ₹1,500 crore raised across 2035 and 2049 security papers.
Yields and Cut-Off Pricing
Cut-off yields and prices varied according to the specific tenor and market demand for each state paper. Weighted average yields ranged across the board depending on competitive pressures and partial allotment percentages applied during the bidding process. The comprehensive data release was formally communicated by Ajit Prasad, Deputy General Manager for Communications at the central bank.
Primary source: This independent news summary is based on official information from Reserve Bank of India. Read the original document for complete details.