The Reserve Bank of India announced the result of the yield/price-based auction of State Government Securities on November 04, 2025. The total amount to be raised was ₹13600 Crore, and the total amount accepted was ₹11600 Crore. The Andhra Pradesh accepted ₹1000 Crore with a cut-off yield of 7.30%, ₹1000 Crore with a cut-off price of ₹100.12/7.4873 and ₹1000 Crore with a cut-off price of ₹100.10/7.4894 for tenors of 12 years, reissue of 7.50% Andhra Pradesh SGS 2045 and reissue of 7.50% Andhra Pradesh SGS 2046. Goa accepted ₹100 Crore with a cut-off yield of 7.25% for a tenor of 11 years. Kerala accepted ₹2000 Crore with a cut-off yield of 7.48% for a tenor of 20 years. Maharashtra accepted ₹1000 Crore with a cut-off price of ₹100.07/7.1901 and ₹1000 Crore with a cut-off price of ₹98.83/7.3813 for the re-issue of 7.20% Maharashtra SGS 2036 and re-issue of 7.26% Maharashtra SGS 2042. Rajasthan accepted ₹500 Crore with a cut-off yield of 6.66% for a tenor of 04 years. Tamil Nadu accepted ₹1000 Crore with a cut-off yield of 7.14% for a tenor of 10 years and ₹2000 Crore with a cut-off yield of 7.46% for a tenor of 30 years. Telangana accepted ₹1000 Crore with a cut-off yield of 7.45% for a tenor of 32 years. Maharashtra did not accept any amount in the re-issue of 7.29% Maharashtra SGS 2050 and re-issue of 7.16% Maharashtra SGS 2055. The Press Release number is 2025-2026/1444. Ajit Prasad, Deputy General Manager (Communications), can be contacted for further information.
Key Entities Referenced
State Government Securities: Securities issued by State Governments, which are being auctioned in this press release.
Reserve Bank of India: Central bank conducting the auction of state government securities.
Maharashtra: One of the states participating in the auction of State Government Securities; notable as having rejected amounts in the re-issue of some securities.
Andhra Pradesh: One of the states participating in the 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
November 04, 2025
Result of Yield/ Price Based Auction of State Government Securities
Sr. State Amount to Amount Cut off Tenor (Year)
No. be raised Accepted Price (₹)/
(₹ Crore) (₹ Crore) Yield (%)
1. Andhra 1000 1000 7.30 12
Pradesh 1000 1000 100.12/7.4873 Re-issue of 7.50% Andhra
Pradesh SGS 2045, issued
on October 01, 2025
1000 1000 100.10/7.4894 Re-issue of 7.50% Andhra
Pradesh SGS 2046, issued
on October 01, 2025
2. Goa 100 100 7.25 11
3. Kerala 2000 2000 7.48 20
4. Maharashtra* 1000 1000 100.07/7.1901 Re-issue of 7.20%
Maharashtra SGS 2036,
issued on October 23,
2025
1000 1000 98.83/7.3813 Re-issue of 7.26%
Maharashtra SGS 2042,
issued on October 08,
2025
1000 - - Re-issue of 7.29%
Maharashtra SGS 2050,
issued on October 23,
2025
1000 - - Re-issue of 7.16%
Maharashtra SGS 2055,
issued on August 06, 2025
5. Rajasthan 500 500 6.66 04
6. Tamil Nadu 1000 1000 7.14 10
2000 2000 7.46 30
7. Telangana 1000 1000 7.45 32
Total 13600 11600
*Maharashtra has not accepted any amount in the re-issue of 7.29% Maharashtra SGS 2050, issued
on October 23, 2025 and re-issue of 7.16% Maharashtra SGS 2055, issued on August 06, 2025.
Ajit Prasad
Press Release: 2025-2026/1444 Deputy General Manager
(Communications)