Full result: 11 states raise ₹23,016 crore, October 19 bond auction
The detailed result gives bids, cut-offs and allotments for each bond. States raised ₹23,016 crore of ₹24,400 crore sought.
Official title: State Government Securities - Full Auction Result · Press Release 2026-2027/1352
What happened
This release gives the full detail of the October 19, 2026 state bond auction for each bond: notified amounts, bids received, cut-off yields and what small investors got. States offered ₹24,400 crore and raised ₹23,016 crore.
Examples: Goa received bids of ₹1,165 crore for its ₹200 crore bond and cut off at 8.1004%. Gujarat's 2035 bond got ₹4,705 crore of bids for ₹1,000 crore at 7.9627%. Andhra Pradesh got ₹3,270 crore of bids for its 2051 bond, but accepted none, so it raised nothing.
Small investors who bid non-competitively got bonds at the weighted average price, in full or in part depending on demand.
What it means for you
Retail investors who bid non-competitively received the average rate of each bond. For most people there is no direct effect.
What it means for businesses
Demand was strong for most states, with bids far above what was accepted.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.