Auction of State Government Securities

प्रेस प्रकाशनी PRESS RELEASE भारतीय �रज़वर् बैंक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502 December 05, 2025 Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,964 Crore (Face Value) Amount to Sr. Type of State/ UT be raised Tenor (Year) No . Auction (₹ Crore) 1. Arunachal Pradesh 375 20 Yield 2. Bihar 1500 12 Yield 3. Gujarat 1000 08 Yield 1000 16 Yield 4. Haryana 1000 17 Yield 5. Jammu and Kashmir 500 12 Yield 1000 10 Yield 1000 20 Yield Re-issue of 7.20% 6. Maharashtra Maharashtra SGS 1000 Price 2034, issued on December 03, 2025 7. Meghalaya 484 09 Yield 8. Mizoram 105 13 Yield Re-issue of 7.09% Tamil Nadu SGS 2032, 1000 Price issued on December 03, 2025 Re-issue of 7.18% Tamil Nadu SGS 2033, 1000 Price issued on December 03, 2025 9. Tamil Nadu Re-issue of 7.20% Tamil Nadu SGS 2035, 1000 Price issued on December 03, 2025 Re-issue of 7.18% Tamil Nadu SGS 2036, 1000 Price issued on February 27, 2025 1000 08 Yield 10. Uttar Pradesh 1000 Re-issue of 7.35% Price2 Uttar Pradesh SGS 2039, issued on October 29, 2025 Re-issue of 7.51% Uttar Pradesh SGS 1000 Price 2040, issued on December 03, 2025 Total 15964 The auction will be conducted on the Reserve Bank of India Core Banking Solution (E- Kuber) system on December 09, 2025 (Tuesday). The Government Stock up to ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in). Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on December 09, 2025 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M. In case of technical difficulties, Core Banking Operations Team may be contacted (email; Phone no: 022-69870466, 022-69870415). For other auction related difficulties, IDMD Auction Team can be contacted (email; Phone no: 022-22702431, 022-22705125). Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22603456, 022- 22603457,022-22603190) in the prescribed form obtainable from RBI website (https://rbi.org.in/en/web/rbi/forms) before the auction timing ends. The yield per cent per annum or the price as the case may be, expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State. The Reserve Bank of India will determine the maximum yield / minimum price at which bids will be accepted. Stock will be issued for a minimum nominal amount of ₹10,000.00 and in multiples of ₹10,000.00 thereafter. The results of the auction will be announced on December 09, 2025 (Tuesday) and payment by successful bidders will be made during banking hours on December 10, 2025 (Wednesday) at Mumbai and at respective Regional Offices of RBI.3 The new State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new stock, interest will be paid half yearly on June 10 and December 10 of each year till maturity. For the re-issued Government Stock, interest will be paid at the rate as determined on the date of original issue of Government Stock and will be paid on half yearly basis till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007. The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility. Ajit Prasad Press Release: 2025-2026/1651 Deputy General Manager (Communications)