On January 13, 2026, the Reserve Bank of India released the results of the Yield/Price Based Auction of State Government Securities.
A total amount of ₹26815 Crore was raised across 11 states, with the same amount accepted. The states involved are:
* Assam: ₹1000 Crore at a Yield of 7.65% for a Tenor of 12 years.
* Bihar: ₹1500 Crore at a Yield of 7.65% for Tenors of 18 and 25 years.
* Chhattisgarh: ₹1000 Crore at Yields of 7.54% and 7.56% for Tenors of 10 and 11 years.
* Haryana: ₹1000 Crore at a Yield of 7.60% and 7.61% for Tenors of 13 and 17 years.
* Karnataka: ₹2000 Crore at a Price of ₹100.22/Cut off Yield of 7.1103% for a Tenor of 6 years and 6 months and ₹2000 Crore at a Price of ₹100.07/Cut off Yield of 7.4999%. These were re-issues of 7.16% Karnataka SGS 2031 and 7.51% Karnataka SGS 2036, both issued on January 07, 2026.
* Mizoram: ₹115 Crore at a Yield of 7.65% for a Tenor of 15 years.
* Punjab: ₹2000 Crore at a Yield of 7.48% for a Tenor of 05 years.
* Tamil Nadu: ₹1700 Crore at a Yield of 7.50%, ₹1000 Crore at a Price of ₹99.70/Cut off Yield of 7.5403% and ₹2000 Crore at a Price of ₹99.63/Cut off Yield of 7.6113%. These included re-issues of 7.50% Tamil Nadu SGS 2037 and 7.58% Tamil Nadu SGS 2056, both issued on January 07, 2026, with Tenors of 10 years.
* Telangana: ₹1000 Crore at a Yield of 7.61% for Tenors of 16 and 26 years.
* Uttarakhand: ₹1000 Crore at a Price of ₹94.66/Cut off Yield of 7.5395%, a re-issue of 6.74% Uttarakhand SGS 2035, issued on June 25, 2025.
* West Bengal: ₹1000 Crore at Yields of 7.59%, 7.64%, and 7.63% for Tenors of 11, 16 and 20 years.
For press inquiries, contact Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1908.
Key Entities Referenced
State Government Securities: Subject of the auction, referring to debt instruments issued by state governments.
Reserve Bank of India: Regulator conducting the auction.
Karnataka SGS 2031: Example of a State Government Security being re-issued.
Tamil Nadu SGS 2037: Example of a State Government Security being re-issued.
Uttarakhand SGS 2035: Example of a State Government Security being re-issued.