Multiple States Plan to Borrow Rs. 16,900 Crore On April 21 Through RBI SGS Auction

The Reserve Bank of India (RBI) has stated that the revised auction of State Government Securities (SGS), which is scheduled to take place on April 21, would see numerous state governments raise a total amount of Rs. 16,900 crore.

Out of the participating states, Andhra Pradesh intends to generate Rs. 4,600 crore via three securities with maturities of 8, 16 and 30 years. Maharashtra will generate Rs. 4,000 crore through three bonds with tenors of 8, 18 and 28 years, respectively, while Punjab will borrow Rs. 1,300 crore over a 12 year term.

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Through a combination of re-issues and new securities, Rajasthan will issue three securities worth Rs. 4,000 crore. This includes the re-issuance of 7.99% of the Rajasthan SGS 2041, which was released on March 30, 2026. In the meantime, Telangana will issue three securities worth Rs. 1,000 crore each with maturities of seven, eleven and twenty one years in order to borrow Rs. 3,000 crore, as reported by ANI.

Both competitive and non-competitive bids for the auction should be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 21, 2026, the release stated.

The securities will be issued through an auction held on the RBI’s Core Banking Solution platform, E-Kuber, as stated in the Central Bank announcement. The auction will offer borrowing by a number of states, with different terms and structures, including new issuances as well as re-issuances of currently outstanding securities.