Andhra Pradesh, Uttar Pradesh, and West Bengal will auction ₹29,900 crore in government securities with tenors from 11 to 30 years. No greenshoe options reported except for re-issued bonds.
State Government Securities Auction Announced
Various state governments, including Andhra Pradesh, Uttar Pradesh, and West Bengal, have announced an aggregate auction of ₹29,900 crore in government securities. The auctions will include both fresh issues and re-issues of existing bonds, with tenors ranging from 11 to 30 years, and fixed yields.
Andhra Pradesh will raise ₹1,000 crore via re-issue of its 7.46% bond, with no greenshoe option. Uttar Pradesh will auction ₹13,500 crore across two tranches: ₹6,500 crore of 7.32% bonds for 30 years and ₹7,000 crore of 7.58% bonds for 20 years. West Bengal will issue ₹15,400 crore in two tranches of 15- and 16-year maturity.
These bond issuances reflect state-level borrowing strategies to finance fiscal deficits and capital expenditures. Market participants will assess yield levels and state credit profiles ahead of the auction date. The absence of greenshoe options in most cases indicates precise borrowing requirements.
