Mumbai, Nov. 4 -- Several state governments collectively raised Rs 11,600 crore through a yield and price-based auction of state government securities (SGS) conducted on Tuesday, according to data released by the Reserve Bank of India (RBI).

The auction reflected continued investor demand for longer-duration papers, even as yields remained broadly stable compared to previous issuances.

Among major borrowers, Andhra Pradesh raised Rs 3,000 crore through three tranches, including two re-issues of 7.50% SGS 2045 and 2046, priced at yields of 7.4873% and 7.4894%, respectively. The state also issued a fresh 12-year bond at a yield of 7.30%.

Goa accepted Rs 100 crore at a yield of 7.25% for an 11-year tenor, while Kerala raised Rs 2,000 cror...