New Delhi, Aug. 19 -- State Development Loans (SDLs) continued to see subdued investor appetite for the seventh consecutive week, while central government securities (G-secs) witnessed better demand, especially for the newly introduced 30-year tenor, according to a report by ICICI Bank.

In the latest SDL auction held last week, six states, Bihar, Goa, Haryana, Jammu and Kashmir, Maharashtra, and Telangana, raised Rs 85 billion, in line with the notified amount.

It stated "State Development Loans: Weak demand for the seventh consecutive auction".

However, the demand remained muted. The bid-to-cover ratio, which measures investor interest, edged slightly lower to 2.71 compared with 2.75 in the previous auction.

Overall, the report state...