Mumbai, June 26 -- On Tuesday, 24 June 2025, nine Indian states successfully raised Rs 27,200 crore through a yield-based auction of State Government Securities (SGSs), reflecting continued appetite for state debt across a range of tenors.

Gujarat came up with a Rs 1,500 crore issuance, opting for a relatively short 3-year tenor at a yield of 6.10%, the lowest in this round, suggesting robust investor demand for shorter-term papers. Haryana mobilized Rs 2,000 crore through two separate bonds, both with a 13-year maturity, at yields of 7.05% and 7.04%.

Jammu and Kashmir tapped the market for Rs 200 crore, securing funds for a 21-year tenor at a yield of 7.08%. Kerala raised Rs 2,000 crore with a long 27-year bond, priced at 7.09%, showin...