The Reserve Bank of India has released the comprehensive outcome for the auction of State Government Securities conducted on August 18, 2026. Multiple states participated in raising funds through this financial exercise, which involved both competitive and non-competitive bidding structures across various tenors and re-issued securities.

Auction Overview and Total Participation

During the auction session, market participants submitted a substantial volume of applications. Across all participating state entities, the total notified amount reached ₹20,200 crore. Investors lodged a combined total of 1,112 competitive bids seeking an aggregate amount of ₹60,575.500 crore. Additionally, non-competitive bidders submitted 171 applications totaling ₹1,511.740 crore.

State-Specific Allotments and Yields

The successful allotment spanned numerous regional bonds with distinct maturity profiles and coupon structures. Key highlights from the official allocation figures include:

• Assam secured ₹1,000 crore through its 2036 security re-issue at a weighted average yield of 7.5631 percent.
• Madhya Pradesh mobilized varying sums across multiple instruments, notably obtaining ₹2,000 crore for its longer-duration paper with a weighted average yield of 7.6514 percent.
• West Bengal successfully raised a cumulative ₹3,700 crore across its 2035 and 2047 securities.
• Kerala completed allotments totaling ₹2,200 crore spanning its 2042 and 2049 tenors.

Execution and Pricing Dynamics

Cut-off yields and prices varied depending on the specific state paper and prevailing market demand during the bidding window. Several issues saw partial allotments on competitive bids where demand exceeded the notified limits. The central bank finalized the processing under the supervision of Ajit Prasad, Deputy General Manager for Communications.

Primary source: This independent news summary is based on official information from Reserve Bank of India. Read the original document for complete details.