Mumbai, Aug. 5 -- Twelve Indian states collectively raised Rs 26,750 crore through a yield-based auction of state government securities (SGS) held by the Reserve Bank of India (RBI) on 5 August 2025. The auction saw broad participation across tenors, reflecting active demand from investors despite varying yield levels across states and maturities.

Among the major issuers, Maharashtra secured Rs 4,000 crore across four tranches, including re-issues of its 2045 and 2046 securities carrying a 7.14% coupon.

Tamil Nadu raised Rs 3,000 crore, with tenors ranging from 4 to 30 years. It raised Rs 1,000 crore via a four-year bond at a 6.27% yield. The state also saw re-issues: Rs 1,000 crore of the 6.82% Tamil Nadu SGS 2035, issued at a price of...