As per the Reserve Bank of India's press release dated December 09, 2025, the result of the yield/price based auction of State Government Securities is as follows:
Arunachal Pradesh: Amount to be raised/accepted is ₹375 Crore, Cut off Yield is 7.55%, Tenor is 20 Years.
Bihar: Amount to be raised/accepted is ₹1500 Crore, Cut off Yield is 7.60%, Tenor is 12 Years.
Gujarat: Amount to be raised/accepted is ₹1000 Crore, Cut off Yield is 7.19%, Tenor is 08 Years.
Haryana: Amount to be raised/accepted is ₹1000 Crore, Cut off Yield is 7.52%, Tenor is 16/17 Years.
Jammu and Kashmir: Amount to be raised/accepted is ₹500 Crore, Cut off Yield is 7.65%, Tenor is 12 Years.
Maharashtra: Amount to be raised/accepted is ₹1000 Crore, Cut off Yield is 7.29%/7.48%/99.54/7.2703%, Tenor is 10/20 Years. Re-issue of 7.20% Maharashtra SGS 2034, issued on December 03, 2025.
Meghalaya: Amount to be raised/accepted is ₹484 Crore, Cut off Yield is 7.57%, Tenor is 09 Years.
Mizoram: Amount to be raised/accepted is ₹105 Crore, Cut off Yield is 7.62%, Tenor is 13 Years.
Tamil Nadu: Amount to be raised/accepted is ₹1000 Crore, Cut off Yield is 99.41/7.1986, 99.58/7.2498, 99.16/7.3197, 98.88/7.3306%, Tenor is 13 Years. Re-issue of 7.09% Tamil Nadu SGS 2032, 7.18% Tamil Nadu SGS 2033, 7.20% Tamil Nadu SGS 2035, 7.18% Tamil Nadu SGS 2036, issued on December 03, 2025 and February 27, 2025.
Uttar Pradesh: Amount to be raised is ₹1000 Crore, amount accepted is ₹535.092 Crore, Cut off Yield is 7.24%/98.46/7.5293%/99.91/7.5198%, Tenor is 08 Years. Re-issue of 7.35% Uttar Pradesh SGS 2039, issued on October 29, 2025. Re-issue of 7.51% Uttar Pradesh SGS 2040, issued on December 03, 2025. Uttar Pradesh has accepted partial amount of ₹535.092 crore in the 8-year security.
Total amount to be raised is ₹15964 Crore, and total amount accepted is ₹15499.092 Crore.
Contact: Ajit Prasad, Deputy General Manager (Communications). Press Release Number: 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, issuing the press release and conducting the auction.
Maharashtra SGS 2034: State Government Security of Maharashtra
Tamil Nadu SGS: State Government Security of Tamil Nadu
Uttar Pradesh SGS: State Government Security of Uttar Pradesh
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)