State Government Securities Auction Results: Nov 9, 2026
On November 9, 2026, the auction results for State Government Securities were released, detailing the issuance and re-issuance of debt instruments across multiple states and union territories. The total amount accepted across the participating regions reached 27083.882 Crore, against a total intended amount of 29050 Crore.
Tamil Nadu emerged as a significant participant, successfully raising funds through four separate re-issues. The state accepted 2000 Crore for its 7.80% SGS 2041, 2500 Crore for its 8.14% SGS 2046, 2500 Crore for its 8.21% SGS 2051, and 2500 Crore for its 8.18% SGS 2056. Other states, including Assam, Gujarat, Haryana, Kerala, Mizoram, Nagaland, Odisha, and Uttar Pradesh, also successfully completed their planned issuances.
Haryana’s participation included multiple tranches, with 500 Crore accepted at a 7.61% yield for a 4-year tenor, alongside re-issues of its 7.90% SGS 2040 and 7.69% SGS 2048, each raising 1500 Crore and 2000 Crore respectively. Gujarat also secured funds, accepting 1000 Crore at 7.82% for a 10-year tenor and 1500 Crore at 7.97% for a 13-year tenor.
Bihar accepted a partial amount of 1533.882 Crore for its 18-year security, despite an intended 2000 Crore. Additionally, Bihar fully accepted 2000 Crore for the re-issue of its 7.76% SGS 2051. Meanwhile, Chhattisgarh did not accept any amount for its proposed re-issues of the 7.68% SGS 2036 and the 7.64% SGS 2042 securities.
Other notable transactions included Jammu and Kashmir raising 1000 Crore at an 8.09% yield for a 23-year tenor, and Uttar Pradesh raising 1500 Crore via a re-issue of its 8.11% SGS 2038 and 2000 Crore at an 8.09% yield for a 20-year security. Kerala raised 1000 Crore through a re-issue of its 7.92% SGS 2032.
For investors and financial analysts, these auction results provide a snapshot of state-level borrowing costs and market appetite for long-term government debt. Monitoring these yield fluctuations and subscription levels is essential for gauging regional fiscal health and broader interest rate trends in the fixed-income market.
Why it matters
These auction results offer critical data on state-level borrowing costs and investor appetite, which are key indicators for assessing regional fiscal stability and broader fixed-income market trends.
FAQ
What was the total amount accepted in the auction?
The total amount accepted across the participating states and union territories was 27083.882 Crore.
Did Chhattisgarh successfully raise funds in this auction?
No, Chhattisgarh did not accept any amount for the re-issue of its 7.68% SGS 2036 or the 7.64% SGS 2042 securities.
How much did Bihar raise in its 18-year security auction?
Bihar accepted a partial amount of 1533.882 Crore for its 18-year security.
Source: RBI Press Releases. See the original source for full details.
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