Multiple state governments have collectively raised Rs 45,960 crore through the auction of State Government Securities (SGS) conducted by the Reserve Bank of India (RBI).
Among the participating states, Andhra Pradesh raised Rs 3,000 crore through three securities with tenors of 13, 15 and 17 years. Arunachal Pradesh borrowed Rs 190 crore through a 20-year security, while Assam raised Rs 900 crore via a 15-year tenor security. Delhi also raised Rs 1,000 crore through a 10-year security.
Gujarat mobilised Rs 2,000 crore through two securities with tenors of seven years and six months and 11 years, with an additional borrowing option of Rs 500 crore for each security. Haryana raised Rs 3,000 crore through securities with tenors of four, 12 and 18 years, while Jammu and Kashmir borrowed Rs 900 crore through a 15-year security.
Karnataka emerged as the largest borrower in the auction, raising Rs 10,000 crore through a mix of fresh securities and re-issues. These included re-issuances of the 7.31 per cent Karnataka SGS 2033, 7.38 per cent Karnataka SGS 2034 and 7.48 per cent Karnataka SGS 2037, along with other securities.
Kerala raised Rs 1,000 crore through a 23-year security, while Madhya Pradesh borrowed Rs 5,800 crore through securities with tenors of 10, 14 and 21 years.
Smaller borrowings included Rs 120 crore by Mizoram through a 15-year security and Rs 250 crore by Sikkim through a 10-year security.
Punjab raised Rs 2,000 crore through the re-issue of the 7.62 per cent Punjab SGS 2032, which was originally issued in November 2022.
Tamil Nadu raised Rs 8,000 crore through a combination of fresh issuances and re-issued securities, including the 7.23 per cent Tamil Nadu SGS 2033 and the 7.63 per cent Tamil Nadu SGS 2056.
Tripura borrowed Rs 800 crore through a 15-year security, while Uttar Pradesh raised Rs 3,500 crore through the re-issue of securities maturing in 2037, 2041 and 2046. West Bengal also raised Rs 3,500 crore through securities with tenors of 18 and 22 years.
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