The Reserve Bank of India (RBI) released the results of the yield/price-based auction of State Government Securities on December 09, 2025. The total amount to be raised was ₹15964 Crore, while the amount accepted was ₹15499.092 Crore.
The cut-off yield and tenor for each State/UT are as follows:
* Arunachal Pradesh: 7.55%, 20 years; Amount to be raised ₹375 Crore, Amount Accepted ₹375 Crore
* Bihar: 7.60%, 12 years; Amount to be raised ₹1500 Crore, Amount Accepted ₹1500 Crore
* Gujarat: 7.19%, 08 years; Amount to be raised ₹1000 Crore, Amount Accepted ₹1000 Crore
* Haryana: 7.52%, 16 & 17 years; Amount to be raised ₹1000 Crore, Amount Accepted ₹1000 Crore
* Jammu and Kashmir: 7.65%, 12 years; Amount to be raised ₹500 Crore, Amount Accepted ₹500 Crore
* Maharashtra: 7.29% (10 years), 7.48% (20 years), 7.2703% (Re-issue of 7.20% Maharashtra SGS 2034, issued on December 03, 2025); Amount to be raised ₹1000 Crore, Amount Accepted ₹1000 Crore
* Meghalaya: 7.57%, 09 years; Amount to be raised ₹484 Crore, Amount Accepted ₹484 Crore
* Mizoram: 7.62%, 13 years; Amount to be raised ₹105 Crore, Amount Accepted ₹105 Crore
* Tamil Nadu: 7.1986% (Re-issue of 7.09% Tamil Nadu SGS 2032, issued on December 03, 2025), 7.2498% (Re-issue of 7.18% Tamil Nadu SGS 2033, issued on December 03, 2025), 7.3197% (Re-issue of 7.20% Tamil Nadu SGS 2035, issued on December 03, 2025), 7.3306% (Re-issue of 7.18% Tamil Nadu SGS 2036, issued on February 27, 2025); Amount to be raised ₹1000 Crore, Amount Accepted ₹1000 Crore
* Uttar Pradesh: 7.24% (08 years) 7.5293% (Re-issue of 7.35% Uttar Pradesh SGS 2039, issued on October 29, 2025), 7.5198% (Re-issue of 7.51% Uttar Pradesh SGS 2040, issued on December 03, 2025); Amount to be raised ₹1000 Crore, Amount Accepted ₹535.092 Crore (partial amount in the 8-year security)
For further information, contact Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1664.
Key Entities Referenced
State Government Securities: Securities issued by state governments, auctioned based on yield/price.
Reserve Bank of India: The central bank of India, responsible for conducting the auction of State Government Securities.
Arunachal Pradesh: One of the states participating in the auction of State Government Securities
Uttar Pradesh: One of the states participating in the auction of State Government Securities
Tamil Nadu: One of the states participating in the auction of State Government Securities
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 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 09, 2025
Result of Yield/ Price Based Auction of State Government Securities
Sr. State/UT Amount to Amount Cut off Tenor (Year)
No. be raised Accepted Price (₹)/
(₹ Crore) (₹ Crore) Yield (%)
1. Arunachal Pradesh 375 375 7.55 20
2. Bihar 1500 1500 7.60 12
3. Gujarat 1000 1000 7.19 08
4. Haryana 1000 1000 7.52 16
1000 1000 7.52 17
5. Jammu and 500 500 7.65 12
Kashmir
6. Maharashtra 1000 1000 7.29 10
1000 1000 7.48 20
1000 1000 99.54/7.2703 Re-issue of 7.20%
Maharashtra SGS 2034,
issued on December 03,
2025
7. Meghalaya 484 484 7.57 09
8. Mizoram 105 105 7.62 13
9. Tamil Nadu 1000 1000 99.41/7.1986 Re-issue of 7.09% Tamil
Nadu SGS 2032, issued on
December 03, 2025
1000 1000 99.58/7.2498 Re-issue of 7.18% Tamil
Nadu SGS 2033, issued on
December 03, 2025
1000 1000 99.16/7.3197 Re-issue of 7.20% Tamil
Nadu SGS 2035, issued on
December 03, 2025
1000 1000 98.88/7.3306 Re-issue of 7.18% Tamil
Nadu SGS 2036, issued on
February 27, 2025
10. Uttar Pradesh* 1000 535.092 7.24 08
1000 1000 98.46/7.5293 Re-issue of 7.35%
Uttar Pradesh SGS 2039,
issued on October 29, 2025
1000 1000 99.91/7.5198 Re-issue of 7.51% Uttar
Pradesh SGS 2040, issued
on December 03, 2025
Total 15964 15499.092
*Uttar Pradesh has accepted partial amount of ₹535.092 crore in the 8-year security.
Ajit Prasad
Press Release: 2025-2026/1664 Deputy General Manager
(Communications)