**Executive Summary**
This document reports the full auction results for State Government Securities (SGS) held on October 28, 2025. It details the notified amounts, tenor, and results of both competitive and non-competitive bids for various states and securities. It includes the cut-off yield, cut-off price, and weighted average yield.
**Key Points / Main Content**
* **Auction Overview**
* The auction results pertain to State Government Securities held on October 28, 2025.
* A total notified amount of ₹17,800 Crore was auctioned across various states.
* **Bidding Results**
* **Competitive Bids:** Details the number and amount of bids received and accepted for each state's securities. Includes cut-off yield and price.
* **Partial Allotment of Competitive Bids:** Reports the percentage and number of bids that received partial allotment.
* **Non-Competitive Bids:** Details the number and amount of bids received and accepted, along with the non-competitive price. Includes the partial allotment percentage.
* **Financial Details**
* **Cut-Off Yield (%):** Varies by state and security, ranging from 6.99% to 7.49%.
* **Cut-Off Price (₹):** Generally ₹100, but is ₹99.92 (Tamil Nadu SGS 2032), ₹99.86 (Tamil Nadu SGS 2035).
* **Weighted Average Yield (%):** Provided for each state security.
**Impact Analysis**
**Stakeholder: State Governments**
* **Impact:** Determines the cost of borrowing and the proceeds received from the issuance of state government securities.
* **Action Required:** Review the auction results to understand the market demand for their securities and manage their debt accordingly.
**Stakeholder: Investors (Banks, Financial Institutions, etc.)**
* **Impact:** Influences investment decisions and portfolio allocation based on the yields and prices achieved in the auction.
* **Action Required:** Adjust investment strategies based on the outcome of the auction.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** The results inform monetary policy decisions and assessment of the overall financial market conditions.
* **Action Required:** Analyze auction results to ensure orderly market functioning and stability of yields.
Key Entities Referenced
State Government Securities: The type of securities being auctioned.
Reserve Bank of India: Releasing the auction results.
GOA SGS 2037: Goa State Government Security maturing in 2037.
HARYANA SGS 2033: Haryana State Government Security maturing in 2033.