**Executive Summary**
This document presents the full auction results for State Government Securities (SGS) held on February 10, 2026. It details the notified amounts, tenors, and acceptance details for various states. Gujarat, Madhya Pradesh, Maharashtra and West Bengal have specific details on amounts accepted.
**Key Points / Main Content**
* **Auction Overview:**
* The auction included SGS from multiple states with varying tenors.
* The total notified amount across all states was ₹48615 Crore.
* **Competitive Bids:**
* A total of 2546 competitive bids were received, amounting to ₹196523.089 Crore.
* 567 competitive bids were accepted, totaling ₹45423.521 Crore.
* **Non-Competitive Bids:**
* 273 non-competitive bids were received, totaling ₹2655.136 Crore.
* 269 non-competitive bids were accepted, totaling ₹2196.785 Crore.
* **State-Specific Details:**
* **Gujarat:** Accepted an additional ₹500 crore in the 5-year security.
* **Madhya Pradesh:** Accepted a partial amount of ₹1550.201 crore in the 21-year security.
* **Maharashtra:** Accepted an additional amount of ₹350 crore each in the 6.90% Maharashtra SGS 2030 and 7.44% Maharashtra SGS 2034; did not accept any amount in the 23-year security.
* **West Bengal:** Accepted a partial amount of ₹1255.105 crore in the 21-year security.
* **Overall Results:**
* The total allotment amount across all states was ₹47620.306 Crore.
**Impact Analysis**
**Key Stakeholders: State Governments**
* **Impact:** States are affected in terms of funds raised through the auction of their respective SGS. The specific yields and accepted amounts influence their borrowing costs and overall financial planning.
* **Action Required:** Review the results of their state's SGS auction, particularly the accepted amounts and weighted average yields, to assess the success of the auction and adjust financial strategies accordingly.
**Key Stakeholders: Investors**
* **Impact:** Investors are impacted by the yields and prices at which the SGS were auctioned, affecting the returns on their investments. The allotment details determine the extent to which their bids were successful.
* **Action Required:** Investors should analyze the auction results to understand the market's demand for specific state securities and evaluate the performance of their bids relative to the cut-off yields and prices.
Key Entities Referenced
State Government Securities : Securities issued by state governments
Reserve Bank of India : Regulator and issuer of the press release regarding State Government Securities auction results.
Assam : One of the states whose securities auction results are included
Bihar : One of the states whose securities auction results are included
Chhattisgarh : One of the states whose securities auction results are included
See Full Document Text
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
February 10, 2026
State Government Securities - Full Auction Result
The result of the auction of State Government Securities held on February 10, 2026, is as
under:
(Amount in ₹ Crore)
ASSAM BIHAR SGS BIHAR SGS CHHATTISGARH
SGS 2046 2039 2052 SGS 2035
Notified Amount 1000 1500 1500 1000
Tenor 20 -Years 13 -Years 26 -Years Re-issue of 7.49%
CHHATTISGARH
SGS 2035 issued
on 27-MAR-2024
Competitive Bids Received
(i) No. 62 115 21 60
(ii) Amount 3010 4820 3550 4405
Cut-off Yield (%) 7.87 7.86 7.77 7.5617
Cut off Price (₹) 100 100 100 99.52
Competitive Bids Accepted
(i) No. 38 60 2 6
(ii) Amount 979.909 1350 1499.948 989.989
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 8.6545 32.3529 99.9965 57.9978
(ii) No. 4 8 2 1
Non - Competitive Bids Received
(i) No. 5 13 3 3
(ii) Amount 20.091 174.510 0.052 10.011
Non-Competitive Price (₹) 100.55 100.28 100 99.61
Non-Competitive Bids Accepted
(i) No. 5 13 3 3
(ii) Amount 20.091 150 0.052 10.011
Partial Allotment Percentage of
Non-Competitive Bids
Percentage 85.9550
Weighted Average Yield (%) 7.8147 7.8259 7.7700 7.5479
Total Allotment Amount 1000 1500 1500 10002
CHHATTISGARH GUJARAT HARYANA HARYANA
SGS 2036 SGS 2031* SGS 2040 SGS 2043
Notified Amount 1000 1000 1500 1500
Tenor 10 -Years 5 -Years 14 -Years 17 -Years
Competitive Bids Received
(i) No. 56 104 108 90
(ii) Amount 4220 10905 8380 5113
Cut-off Yield (%) 7.59 7.02 7.78 7.83
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted
(i) No. 6 4 24 48
(ii) Amount 900 1474.555 1404.723 1409.116
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 57.1429 92.8148 24.5286 72.8740
(ii) No. 2 3 8 5
Non - Competitive Bids Received
(i) No. 8 4 8 8
(ii) Amount 115.725 25.445 95.277 90.884
Non-Competitive Price (₹) 100.10 100.03 100.25 100.18
Non-Competitive Bids Accepted
(i) No. 8 4 8 8
(ii) Amount 100 25.445 95.277 90.884
Partial Allotment Percentage of Non-
Competitive Bids
Percentage 86.4118
Weighted Average Yield (%) 7.5758 7.0132 7.7505 7.8106
Total Allotment Amount 1000 1500 1500 15003
KARNATAKA KARNATAKA SGS KARNATAKA KARNATAKA
SGS 2032 2035 SGS 2035 SGS 2036
N otified Amount 2000 2000 2000 1000
Tenor 6 -Years 6 - Re-issue of 7.49% 9 -Years 6 - 10 -Years
Months KARNATAKA SGS Months
2035 issued on 04-
FEB-2026
Competitive Bids Received
(i) No. 71 94 107 97
(ii) Amount 7265 8356 9217 7772
Cut-off Yield (%) 7.19 7.5393 7.55 7.56
Cut off Price (₹) 100 99.68 100 100
Competitive Bids Accepted
(i) No. 4 16 27 13
(ii) Amount 1999.675 1915.936 1946.833 914.740
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 93.9675 79.8053 57.2077 9.2502
(ii) No. 1 3 11 5
Non - Competitive Bids Received
(i) No. 2 14 9 9
(ii) Amount 0.325 84.064 53.167 85.260
Non-Competitive Price (₹) 100.05 99.74 100.04 100.09
Non-Competitive Bids Accepted
(i) No. 2 14 9 9
(ii) Amount 0.325 84.064 53.167 85.260
Partial Allotment Percentage of
Non-Competitive Bids
Percentage
Weighted Average Yield (%) 7.1810 7.5300 7.5440 7.5468
Total Allotment Amount 2000 2000 2000 10004
MADHYA MADHYA MADHYA MAHARASHTRA
PRADESH PRADESH PRADESH SGS 2030@
SGS 2034 SGS 2042 SGS 2047#
N otified Amount 1000 2000 2000 1500
Tenor 8 -Years 16 -Years 21 -Years Re-issue of 6.90%
MAHARASHTRA
SGS 2030 issued
on 04-FEB-2026
Competitive Bids Received
(i) No. 75 139 36 61
(ii) Amount 6180 7982 2655 8780
Cut-off Yield (%) 7.44 7.82 7.84 6.8702
Cut off Price (₹) 100 100 100 100.10
Competitive Bids Accepted
(i) No. 3 66 16 3
(ii) Amount 979.803 1820.966 1505 1849.419
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 95.0053 12.5498 66.5560
(ii) No. 2 7 2
Non - Competitive Bids Received
(i) No. 4 17 5 2
(ii) Amount 20.197 179.034 45.201 0.581
Non-Competitive Price (₹) 100.01 100.24 100.04 100.11
Non-Competitive Bids Accepted
(i) No. 4 17 5 2
(ii) Amount 20.197 179.034 45.201 0.581
Partial Allotment Percentage of Non-
Competitive Bids
Percentage
Weighted Average Yield (%) 7.4380 7.7930 7.8357 6.8673
Total Allotment Amount 1000 2000 1550.201 18505
MAHARASHTRA MAHARASHTRA MIZORAM PUNJAB
SGS 2034@ SGS 2049@ SGS 2042 SGS 2038
N otified Amount 1500 1500 115 2000
Tenor Re-issue of 7.44% 23 -Years 16 -Years 12 -Years
MAHARASHTRA
SGS 2034 issued
on 04-FEB-2026
Competitive Bids Received
(i) No. 85 35 38 172
(ii) Amount 7321.039 2815 960.050 8857.200
Cut-off Yield (%) 7.4396 7.85 7.77
Cut off Price (₹) 100 100 100
Competitive Bids Accepted
(i) No. 6 15 16
(ii) Amount 1809.728 112.931 1800
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 95.6354 26.3448 78.7027
(ii) No. 5 3 4
Non - Competitive Bids Received
(i) No. 6 4 4 19
(ii) Amount 40.272 25.089 2.069 280.073
Non-Competitive Price (₹) 100 100.25 100.16
Non-Competitive Bids Accepted
(i) No. 6 4 19
(ii) Amount 40.272 2.069 200
Partial Allotment Percentage of
Non-Competitive Bids
Percentage 71.4100
Weighted Average Yield (%) 7.4396 7.8218 7.7492
Total Allotment Amount 1850 0 115 20006
TAMILNADU TAMILNADU TAMILNADU TAMILNADU
SGS 2033 SGS 2036 SGS 2037 SGS 2056
N otified Amount 1000 1000 1000 2000
Tenor 7 -Years 10 -Years 11 -Years Re-issue of 7.61%
TAMILNADU SGS
2056 issued on 04-
FEB-2026
Competitive Bids Received
(i) No. 43 84 92 18
(ii) Amount 4045 8860 7017 3125
Cut-off Yield (%) 7.31 7.54 7.58 7.7287
Cut off Price (₹) 100 100 100 98.62
Competitive Bids Accepted
(i) No. 7 9 9 1
(ii) Amount 983.743 927.948 900 1984.572
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 68.3320 48.4468 26.7093 99.2286
(ii) No. 2 7 5 1
Non - Competitive Bids Received
(i) No. 4 6 19 5
(ii) Amount 16.257 72.052 126.025 15.428
Non-Competitive Price (₹) 100.04 100.14 100.08 98.62
Non-Competitive Bids Accepted
(i) No. 4 6 19 5
(ii) Amount 16.257 72.052 100 15.428
Partial Allotment Percentage of Non-
Competitive Bids
Percentage 79.3493
Weighted Average Yield (%) 7.3029 7.5193 7.5692 7.7287
Total Allotment Amount 1000 1000 1000 20007
TELANGANA TELANGANA TELANGANA TELANGANA
SGS 2039 SGS 2042 SGS 2047 SGS 2053
N otified Amount 2000 2000 2500 2500
Tenor 13 -Years 16 -Years 21 -Years 27 -Years
Competitive Bids Received
(i) No. 111 115 40 35
(ii) Amount 7715 6467.70 3825 5845
Cut-off Yield (%) 7.76 7.80 7.84 7.75
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted
(i) No. 9 39 18 2
(ii) Amount 1800 1800 2464.547 2454.992
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 88.1119 98.2456 77.7108 97.4203
(ii) No. 4 8 2 2
Non - Competitive Bids Received
(i) No. 17 18 5 5
(ii) Amount 219.263 301.025 35.453 45.008
Non-Competitive Price (₹) 100.04 100.13 100.13 100
Non-Competitive Bids Accepted
(i) No. 17 18 5 5
(ii) Amount 200 200 35.453 45.008
Partial Allotment Percentage of Non-
Competitive Bids
Percentage 91.2147 66.4397
Weighted Average Yield (%) 7.7547 7.7856 7.8270 7.7500
Total Allotment Amount 2000 2000 2500 25008
UTTAR UTTAR WEST WEST
PRADESH SGS PRADESH BENGAL BENGAL
2037 SGS 2041 SGS 2045 SGS 2047$
N otified Amount 1500 1500 1500 1500
Tenor Re-issue of 7.6% 15 -Years 19 -Years 21 -Years
UTTARPRADESH
SGS 2037 issued
on 04-FEB-2026
Competitive Bids Received
(i) No. 117 125 108 32
(ii) Amount 10465 7210 6860.05 2525.05
Cut-off Yield (%) 7.6296 7.81 7.82 7.84
Cut off Price (₹) 99.78 100 100 100
Competitive Bids Accepted
(i) No. 6 48 33 13
(ii) Amount 1389.755 1350 1449.643 1255.050
Partial Allotment Percentage of
Competitive Bids
(i) Percentage 8.9837 20.1342 36.9537
(ii) No. 1 9 10
Non - Competitive Bids Received
(i) No. 14 24 6 3
(ii) Amount 110.245 316.641 50.357 0.055
Non-Competitive Price (₹) 99.88 100.39 100.10 100.02
Non-Competitive Bids Accepted
(i) No. 14 24 6 3
(ii) Amount 110.245 150 50.357 0.055
Partial Allotment Percentage of Non-
Competitive Bids
Percentage 47.3723
Weighted Average Yield (%) 7.6160 7.7656 7.8094 7.8376
Total Allotment Amount 1500 1500 1500 1255.1059
Total
N otified Amount 48615
Tenor
Competitive Bids Received
(i) No. 2546
(ii) Amount 196523.089
Cut-off Yield (%) -
Cut off Price (₹) -
Competitive Bids Accepted
(i) No. 567
(ii) Amount 45423.521
Partial Allotment Percentage of Competitive
Bids
(i) Percentage -
(ii) No. -
Non - Competitive Bids Received
(i) No. 273
(ii) Amount 2655.136
Non-Competitive Price (₹) -
Non-Competitive Bids Accepted
(i) No. 269
(ii) Amount 2196.785
Partial Allotment Percentage of Non-
Competitive Bids
Percentage -
Weighted Average Yield (%) -
Total Allotment Amount 47620.306
*Gujarat has accepted an additional amount of ₹500 crore in the 05-year security.
#Madhya Pradesh has accepted partial amount of ₹1550.201 crore in the 21-year security.
@Maharashtra has accepted an additional amount of ₹350 crore each in the 6.90% Maharashtra
SGS 2030 and 7.44% Maharashtra SGS 2034. Maharashtra has not accepted any amount in the
23-year security.
$West Bengal has accepted partial amount of ₹1255.105 crore in the 21-year security.
Ajit Prasad
Press Release: 2025-2026/2083 Deputy General Manager
(Communications)