Mumbai, July 1 -- On 1 July 2025, ten Indian states collectively raised Rs 18,100 crore through a yield and price-based auction of state government securities. The funds were mobilized through bonds of varying maturities, with most yields hovering around the 7% mark, reflecting relatively stable borrowing costs in the current interest rate environment.

Andhra Pradesh raised Rs 2,000 crore through two bonds with maturities of 10 and 12 years, priced at yields of 6.80% and 7.00% respectively. Assam secured Rs 900 crore for a 10-year tenor at 6.86%. Gujarat tapped the market for Rs 1,000 crore through 8-year securities at a yield of 6.70%. Himachal Pradesh borrowed Rs 1,200 crore at 7.15% for 25 years, reflecting market comfort with longer ...