**Executive Summary**
This document reports the full auction results of State Government Securities held on November 04, 2025. It details the notified amounts, tenors, bids received, accepted amounts, cut-off yields/prices, and weighted average yields for securities of Andhra Pradesh, Goa, Kerala, Maharashtra, Rajasthan, Tamil Nadu and Telangana. It also provides partial allotment percentages for both competitive and non-competitive bids.
**Key Points / Main Content**
* **Auction Overview:**
* The auction was for State Government Securities (SGS).
* The auction was held on November 04, 2025.
* **Securities Auctioned:**
* Andhra Pradesh SGS: 2037, 2045 (Re-issue), 2046 (Re-issue)
* Goa SGS: 2036
* Kerala SGS: 2045
* Maharashtra SGS: 2036 (Re-issue), 2042 (Re-issue), 2050 (Re-issue), 2055 (Re-issue)
* Rajasthan SGS: 2029
* Tamil Nadu SGS: 2035, 2055
* Telangana SGS: 2057
* **Key Data Points:**
* Notified Amount: Ranged from ₹100 Crore (Goa SGS 2036) to ₹2000 Crore (Kerala SGS 2045, Tamil Nadu SGS 2055)
* Tenor: Varied from 4 years (Rajasthan SGS 2029) to 32 years (Telangana SGS 2057)
* Cut-off Yield and Price: Specified for each security.
* Competitive and Non-Competitive Bids: Data on amounts received and accepted.
* Weighted Average Yield: Calculated for each security.
* **Special Note:**
* Maharashtra did not accept any amount for the re-issue of Maharashtra SGS 2050 and Maharashtra SGS 2055.
**Impact Analysis**
**State Governments (Andhra Pradesh, Goa, Kerala, Maharashtra, Rajasthan, Tamil Nadu, Telangana):**
* **Impact:** The state governments are affected by the auction results, as they have successfully issued securities to raise funds. The results determine the cost of borrowing (yields) and the amount of funds raised.
* **Action Required:** Review the auction results to understand the borrowing costs and amounts raised for their respective state securities.
**Investors:**
* **Impact:** Investors who participated in the auction are impacted by the allotment of securities and the yields/prices at which they were acquired.
* **Action Required:** Review their allotment status and yields obtained on their investments.
**Reserve Bank of India (RBI):**
* **Impact:** The RBI, as the auctioneer, is responsible for conducting the auction and publishing the results.
* **Action Required:** The RBI has already completed the action by conducting the auction and publishing the results. The press release itself is the action.
Key Entities Referenced
State Government Securities: Securities issued by various state governments, being auctioned by the Reserve Bank of India.
Reserve Bank of India: The central bank of India, conducting the auction of State Government Securities.
Andhra Pradesh SGS 2037: State Government Security issued by Andhra Pradesh maturing in 2037.
Maharashtra SGS 2036: State Government Security issued by Maharashtra maturing in 2036.
Tamil Nadu SGS 2055: State Government Security issued by Tamil Nadu maturing in 2055.