RBI conducted yield-based auctions of state government securities on September 29, 2026, raising ₹3,400 crore. Assam and Bihar re-issued securities with yields between 7.87% and 7.97%.
State Government Securities Auction Results Announced
The Reserve Bank of India has announced the results of a yield-based auction of state government securities held on September 29, 2026. The auction involved re-issuance of dated securities by Assam and Bihar, aggregating a notified amount of ₹3,400 crore. All notified amounts were fully accepted, indicating robust market demand.
Assam raised ₹800 crore through a re-issue of its 7.83% Assam SGS 2046 bond, with a cut-off yield of 7.9724% and a price of ₹98.59 per ₹100 face value. Bihar successfully raised ₹800 crore through a re-issue of its 7.42% SGS 2035 bond at a cut-off yield of 7.8797%, priced at ₹97.11. Additionally, Bihar issued ₹1,200 crore of 7.85% SGS 2051, and Chhattisgarh raised ₹250 crore via re-issue of 7.49% SGS 2035.
These auctions reflect continued investor appetite for state development loans despite rising yields. The successful absorption at marginal premium to previous issues suggests stable risk assessment of state creditworthiness. For practitioners in public finance and debt markets, the results provide benchmarks for state-level borrowing costs and signal ongoing adherence to consolidated borrowing programs. The data also serves as a pricing reference for future state bond issuances.
