Executive Summary:
This document presents the results of the auction of State Government Securities held on August 19, 2025. It includes details regarding the notified amounts, tenors, bids received and accepted, cutoff yields and prices, allotment percentages, and weighted average yields for various states. The announcement was made by the Reserve Bank of India.
Key Points / Main Content:
Auction Results Overview:
* The auction involved State Government Securities (SGS) from Bihar, Goa, Gujarat, Kerala, Maharashtra, Odisha, Tamil Nadu, Uttar Pradesh and West Bengal.
* The total notified amount for all states was ₹17,600 crore.
Competitive Bids:
* Competitive bids were received and accepted for each state's SGS.
* Cutoff yields and prices varied for each state's securities based on tenor.
Non-Competitive Bids:
* Non-competitive bids were also received and accepted.
* Prices for non-competitive bids varied slightly from the cutoff prices for competitive bids.
Allotment:
* Partial allotment percentages were applied to both competitive and non-competitive bids.
* Total allotment amounts matched the notified amounts for each state.
Weighted Average Yield:
* Weighted average yields were calculated for each state's SGS.
Impact Analysis:
States (Bihar, Goa, Gujarat, Kerala, Maharashtra, Odisha, Tamil Nadu, Uttar Pradesh, West Bengal):
* Impact: The states have successfully auctioned their government securities.
* Action Required: States should note the allotment amounts and yields for their respective securities.
Bidders (Successful and Unsuccessful):
* Impact: Successful bidders will receive the allotted securities at the specified yield/price, while unsuccessful bidders will not receive any securities.
* Action Required: Bidders should review their allotment status and plan accordingly.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for issuing the press release regarding the auction of State Government Securities.
State Government Securities: Debt instruments issued by various state governments in India, which are being auctioned as described in the press release.
BIHAR: One of the states that issued State Government Securities (SGS) with a tenor of 14 years.
GOA: One of the states that issued State Government Securities (SGS) with a tenor of 10 years.
GUJARAT: One of the states that issued State Government Securities (SGS) with a tenor of 8 years.
KERALA: One of the states that issued State Government Securities (SGS) with a tenor of 31 years.
MAHARASHTRA: One of the states that issued State Government Securities (SGS) with different tenors and reissue dates.
TAMILNADU: One of the states that issued State Government Securities (SGS) with different tenors.