Home India Reserve Bank of India State Government Securities - Full Auction Result...
Date: 2025-08-26 Category: Not Applicable State: Union Government Country: India

State Government Securities - Full Auction Result

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document is a press release from the Reserve Bank of India, dated August 26, 2025, announcing the results of the auction for State Government Securities (SGS). The auction included securities from various states with tenors ranging from 4 to 30 years. The release details the notified amounts, bids received, cutoff yields/prices, and total allotment amounts for each state's securities. Key Points / Main Content: Auction Results: * The auction was held on August 26, 2025, for State Government Securities. * Participating states included Assam, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir UT, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, and West Bengal. * Securities had tenors ranging from 4 to 30 years. Bids and Allotments: * The press release contains details about competitive and non-competitive bids received and accepted for each state's securities, including the number of bids and the amounts. * Cutoff yields and prices are specified for competitive bids. * Non-competitive bid prices are also provided. * Partial allotment percentages are listed for both competitive and non-competitive bids. * Weighted average yields are calculated for each security. Total Allotment Amounts: * Total allotment amounts are specified for each state's securities. * Maharashtra did not have any allotment amounts for any of its securities. Impact Analysis: States Participating in the Auction: * Impact: States receive funds based on the accepted bids for their securities. The yields and prices affect their borrowing costs. * Action Required: Review the auction results to understand the cost of borrowing and manage their finances accordingly. Bidders (including Banks and Financial Institutions): * Impact: Bidders who participated in the auction are affected by the allotment of securities and the yields/prices at which they were allotted. * Action Required: Reconcile allotted securities and manage their portfolios based on the auction results. Reserve Bank of India (RBI): * Impact: The RBI manages the auction process and ensures the smooth functioning of the government securities market. * Action Required: Continue monitoring market conditions and adjusting policies as needed.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for regulating the banking system and managing the country's currency. State Government Securities: Debt instruments issued by state governments to raise funds from the market. Mumbai, Maharashtra: City in India, location of the Reserve Bank of India central office. ASSAM: A state in India that participated in the auction of State Government Securities. GOA: A state in India that participated in the auction of State Government Securities. GUJARAT: A state in India that participated in the auction of State Government Securities. HARYANA: A state in India that participated in the auction of State Government Securities. KERALA: A state in India that participated in the auction of State Government Securities.
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प्रेस प्रकाशनी PRESS RELEASE भारतीय ररज़र्व ब ैंक 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 August 26, 2025 State Government Securities - Full Auction Result The result of the auction of State Government Securities held on August 26, 2025, is as under: (Amount in ₹ Crore) ASSAM SGS GOA SGS GUJARAT HARYANA 2031* 2037 SGS 2034 SGS 2039 Notified Amount 450 100 2000 1000 Tenor 6 -Years 12 -Years 9 -Years 14 -Years Competitive Bids Received (i) No. 2 19 75 85 (ii) Amount 200 730 4935 4204.45 Cut-off Yield (%) 7.13 7.40 7.25 7.52 Cut off Price (₹) 100 100 100 100 Competitive Bids Accepted (i) No. 2 9 42 30 (ii) Amount 200 91.912 1880.834 900 Partial Allotment Percentage of Competitive Bids (i) Percentage - 24.5477 26.1909 48.7161 (ii) No. - 4 5 6 Non-Competitive Bids Received (i) No. 3 6 12 13 (ii) Amount 4.029 8.088 119.166 156.647 Non-Competitive Price (₹) 100.07 100.13 100.49 100.17 Non-Competitive Bids Accepted (i) No. 3 6 12 13 (ii) Amount 4.029 8.088 119.166 100 Partial Allotment Percentage of Non-Competitive Bids Percentage 63.8378 Weighted Average Yield (%) 7.1150 7.3831 7.1757 7.4996 Total Allotment Amount 204.029 100 2000 10002 HIMACHAL HIMACHAL JAMMU AND HARYANA PRADESH PRADESH KASHMIR UT SDL 2034 SGS 2035 SGS 2040 SGS 2042 Notified Amount 1000 500 1000 300 Tenor Re-issue of 10 -Years 15 -Years 17 -Years 8.44% HARYANA SDL 2034 issued on 06-MAR-2019 Competitive Bids Received (i) No. 22 16 62 13 (ii) Amount 1345 1275 4561 753 Cut-off Yield (%) 7.4409 7.27 7.56 7.82 Cut off Price (₹) 106.22 100 100 100 Competitive Bids Accepted (i) No. 20 1 15 10 (ii) Amount 984.867 482.977 921.364 298.898 Partial Allotment Percentage of Competitive Bids (i) Percentage 57.4335 96.5954 0.3467 67.9490 (ii) No. 1 1 2 1 Non-Competitive Bids Received (i) No. 4 4 9 2 (ii) Amount 15.133 17.023 78.636 1.102 Non-Competitive Price (₹) 106.77 100 100.34 100.93 Non-Competitive Bids Accepted (i) No. 4 4 9 2 (ii) Amount 15.133 17.023 78.636 1.102 Partial Allotment Percentage of Non-Competitive Bids Percentage Weighted Average Yield (%) 7.3562 7.2700 7.5220 7.7209 Total Allotment Amount 1000 500 1000 3003 KERALA KERALA MADHYA MADHYA SGS 2033# SGS 2050 PRADESH PRADESH SGS 2043 SGS 2045 Notified Amount 2000 1000 2300 2500 Tenor 8 -Years 25 -Years 18 -Years 20 -Years Competitive Bids Received (i) No. 27 15 97 79 (ii) Amount 1265 3120 7657.10 7919 Cut-off Yield (%) 7.52 7.58 7.57 7.57 Cut off Price (₹) 100 100 100 100 Competitive Bids Accepted (i) No. 25 4 26 20 (ii) Amount 965 984.886 2261.410 2474.493 Partial Allotment Percentage of Competitive Bids (i) Percentage - 32.2183 66.5462 96.6073 (ii) No. - 3 10 6 Non - Competitive Bids Received (i) No. 5 4 8 5 (ii) Amount 23.007 15.114 38.590 25.507 Non-Competitive Price (₹) 100.98 100.06 100.24 100.23 Non-Competitive Bids Accepted (i) No. 5 4 8 5 (ii) Amount 23.007 15.114 38.590 25.507 Partial Allotment Percentage of Non-Competitive Bids Percentage Weighted Average Yield (%) 7.3560 7.5749 7.5459 7.5480 Total Allotment Amount 988.007 1000 2300 25004 MAHARASHTRA MAHARASHTRA MAHARASHTRA MAHARASHTRA SGS 2029@ SGS 2033@ SGS 2034@ SGS 2035@ Notified Amount 1000 1000 1000 1000 Tenor 4 -Years 8 -Years 9 -Years 10 -Years Competitive Bids Received (i) No. 63 47 52 67 (ii) Amount 5055 3705 3532 2727 Cut-off Yield (%) - - - - Cut off Price (₹) - - - - Competitive Bids Accepted (i) No. - - - - (ii) Amount - - - - Partial Allotment Percentage of Competitive Bids (i) Percentage - - - - (ii) No. - - - - Non - Competitive Bids Received (i) No. 6 8 8 16 (ii) Amount 31.054 34.515 36.029 96.202 Non-Competitive - - - - Price (₹) Non-Competitive Bids Accepted (i) No. - - - - (ii) Amount - - - - Partial Allotment Percentage of Non- Competitive Bids Percentage - - - - Weighted Average - - - - Yield (%) Total Allotment 0 0 0 0 Amount5 ODISHA PUNJAB RAJASTHAN RAJASTHAN SGS 2033 SGS 2050 SGS 2035 SGS 2043 Notified Amount 1000 1500 2000 1500 Tenor 8 -Years Re-issue of 10 -Years 18 -Years 7.13% PUNJAB SGS 2050 issued on 11- JUN-2025 Competitive Bids Received (i) No. 38 22 49 38 (ii) Amount 2550 4213.15 2675 3353 Cut-off Yield (%) 7.25 7.6088 7.49 7.57 Cut off Price (₹) 100 94.68 100 100 Competitive Bids Accepted (i) No. 21 6 43 10 (ii) Amount 974.992 1499.912 1905.486 1494.946 Partial Allotment Percentage of Competitive Bids (i) Percentage 8.6523 97.4575 17.7430 93.6705 (ii) No. 6 1 1 3 Non - Competitive Bids Received (i) No. 5 2 9 3 (ii) Amount 25.008 0.088 94.514 5.054 Non-Competitive Price (₹) 100.18 94.69 101.04 100.24 Non-Competitive Bids Accepted (i) No. 5 2 9 3 (ii) Amount 25.008 0.088 94.514 5.054 Partial Allotment Percentage of Non-Competitive Bids Percentage Weighted Average Yield (%) 7.2208 7.6078 7.3409 7.5454 Total Allotment Amount 1000 1500 2000 15006 RAJASTHAN TAMILNADU TAMILNADU TAMILNADU SGS 2053 SGS 2029 SGS 2031 SGS 2035 Notified Amount 1500 1000 1000 1000 Tenor 28 -Years 4 -Years 6 -Years Re-issue of 7.09% TAMILNADU SGS 2035 issued on 20-AUG- 2025 Competitive Bids Received (i) No. 9 46 42 45 (ii) Amount 5600 4320 2990 2120 Cut-off Yield (%) 7.54 6.84 7.00 7.3112 Cut off Price (₹) 100 100 100 98.45 Competitive Bids Accepted (i) No. 1 12 8 34 (ii) Amount 1497.361 979.929 975.993 978.950 Partial Allotment Percentage of Competitive Bids (i) Percentage 99.8241 29.9882 68.1043 39.7900 (ii) No. 1 4 3 1 Non - Competitive Bids Received (i) No. 3 4 7 6 (ii) Amount 2.639 20.071 24.007 21.050 Non-Competitive Price (₹) 100 100.16 100.22 98.67 Non-Competitive Bids Accepted (i) No. 3 4 7 6 (ii) Amount 2.639 20.071 24.007 21.050 Partial Allotment Percentage of Non- Competitive Bids Percentage Weighted Average Yield 7.5400 6.7936 6.9554 7.2794 (%) Total Allotment Amount 1500 1000 1000 10007 TELANGANA TELANGANA TELANGANA WEST SGS 2051 SGS 2053 SGS 2055 BENGAL SGS 2046 Notified Amount 500 1000 500 2000 Tenor 26 -Years 28 -Years 30 -Years 21 -Years Competitive Bids Received (i) No. 23 27 19 30 (ii) Amount 2010 3430 1880 3443.10 Cut-off Yield (%) 7.54 7.54 7.54 7.77 Cut off Price (₹) 100 100 100 100 Competitive Bids Accepted (i) No. 1 1 1 26 (ii) Amount 494.823 979.895 489.831 1993.997 Partial Allotment Percentage of Competitive Bids (i) Percentage 98.9646 97.9895 97.9662 24.0434 (ii) No. 1 1 1 2 Non - Competitive Bids Received (i) No. 3 5 4 4 (ii) Amount 5.177 20.105 10.169 6.003 Non-Competitive Price (₹) 100 100 100 101.21 Non-Competitive Bids Accepted (i) No. 3 5 4 4 (ii) Amount 5.177 20.105 10.169 6.003 Partial Allotment Percentage of Non- Competitive Bids Percentage Weighted Average Yield 7.5400 7.5400 7.5400 7.6529 (%) Total Allotment Amount 500 1000 500 20008 WEST BENGAL 2047 Total Notified Amount 1500 34150 Tenor 22 -Years Competitive Bids Received (i) No. 21 1150 (ii) Amount 2983.10 94550.90 Cut-off Yield (%) 7.75 - Cut off Price (₹) 100 - Competitive Bids Accepted (i) No. 18 386 (ii) Amount 1499.996 28212.752 Partial Allotment Percentage of Competitive Bids (i) Percentage 45.9733 - (ii) No. 1 - Non - Competitive Bids Received (i) No. 1 169 (ii) Amount 0.004 933.731 Non-Competitive Price (₹) 101.33 - Non-Competitive Bids Accepted (i) No. 1 131 (ii) Amount 0.004 679.284 Partial Allotment Percentage of Non-Competitive Bids Percentage - Weighted Average Yield (%) 7.6242 - Total Allotment Amount 1500 28892.036 * Assam received bids for ₹204.029 crore in the 06-year security. # Kerala has accepted partial amount of ₹988.007 crore in the 08-year security. @ Maharashtra has not accepted any amount in the 04-year, 08-year, 09-year and 10- year securities. Ajit Prasad Press Release: 2025-2026/978 Deputy General Manager (Communications)

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