**Summary:**
On September 16, 2025, the Reserve Bank of India (RBI) released the results of a yield-price-based auction of State Government Securities (SGS). The total amount to be raised was ₹18400 crore, and the total amount accepted was also ₹18400 crore. The securities offered varied in tenor (years to maturity) and yield.
The following summarizes the auction results for each participating State/Union Territory:
* **Assam:** ₹1500 crore accepted; 20-year tenor; cut-off yield of 7.47%.
* **Goa:** ₹100 crore accepted; 10-year tenor; cut-off yield of 7.39%.
* **Haryana:** ₹1000 crore accepted; 14-year tenor; cut-off yield of 7.43%.
* **Jammu and Kashmir:** ₹400 crore accepted; 17-year tenor; cut-off yield of 7.45%.
* **Jharkhand:** ₹1000 crore accepted; 09-year tenor; cut-off yield of 7.33%.
* **Maharashtra:** Reissue of 6.74% SGS 2029 (issued September 10, 2025); ₹1000 crore accepted; cut-off price of ₹100.04; cut-off yield of 6.7278%. Reissue of 7.18% Maharashtra SGS 2033 (issued September 10, 2025); ₹1000 crore accepted; cut-off price of ₹100.00; cut-off yield of 7.1796%. Reissue of 7.24% Maharashtra SGS 2034 (issued September 10, 2025); ₹1000 crore accepted; cut-off price of ₹100.26; cut-off yield of 7.1998%.
* **Mizoram:** ₹150 crore accepted; 11-year tenor; cut-off yield of 7.48%.
* **Nagaland:** ₹400 crore accepted; 05-year tenor; cut-off yield of 7.14%.
* **Odisha:** ₹500 crore accepted; 04-year tenor; cut-off yield of 6.77%. ₹500 crore accepted; 15-year tenor; cut-off yield of 7.43%
* **Puducherry:** ₹150 crore accepted; 06-year tenor; cut-off yield of 7.09%.
* **Sikkim:** ₹200 crore accepted; 11-year tenor; cut-off yield of 7.48%.
* **Tamil Nadu:** ₹500 crore accepted; 10-year tenor; cut-off yield of 7.41%. ₹1000 crore accepted; 06-year tenor; cut-off yield of 7.05%. ₹1000 crore accepted; 07-year tenor; cut-off yield of 7.15%. ₹1000 crore accepted; 08-year tenor; cut-off yield of 7.19%.
* **Telangana:** ₹1000 crore accepted; 28-year tenor; cut-off yield of 7.46%.
* **West Bengal:** ₹1500 crore accepted; 19-year tenor; cut-off yield of 7.47%. ₹1500 crore accepted; 21-year tenor; cut-off yield of 7.47%.
The press release was issued by the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. For inquiries, contact helpdoc@rbi.org.in or phone 022-2266 0502. The RBI website is www.rbi.org.in. Ajit Prasad, Deputy General Manager, Communications, is the contact person for the press release (2025-2026/1105).
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
State Government Securities: Securities issued by various state governments in India to raise funds from the market.
Assam: A state in Northeast India.
Goa: A state on the southwestern coast of India.
Haryana: A state in North India.
Jammu and Kashmir: A union territory of India, located in the northern part of the country.
Maharashtra: A state in the western peninsular region of India.
West Bengal: A state in Eastern India.