₹27,000 Crore Government Securities Auction Fully Subscribed (Image Source: iStock)
On Friday, the central government successfully auctioned government securities worth Rs 27,000 crore. This included ₹15,000 crore in bonds that will mature in 2030 and ₹12,000 crore in bonds maturing in 2054. According to the Reserve Bank of India (RBI), the full amount offered was subscribed without any shortfall. The 2030 bonds will offer investors an annual return of 6.01%, while the 2054 bonds will provide a higher yield of 7.09%.
The auction followed a price-based format, with primary dealers placing their bids on the RBI’s E-Kuber platform between 9:00 and 9:30 in the morning. These dealers are approved entities allowed to buy and sell government bonds on behalf of clients and the RBI.
Alongside the central auction, twelve states also raised a total of ₹26,900 crore by selling their own government securities.
Maharashtra led at the top in fundraising with Rs 6000 crore through 4 different bond issues. These bonds had returns ranging from 7.12% to 7.16%, with tenures between 22 and 25 years.
Andhra Pradesh collected ₹3,600 crore via two bond issues offering slightly lower returns of 6.87% and 6.88% for 8- and 9-year terms. Uttar Pradesh raised Rs 3,000 crore with one 8-year bond at 6.86 per cent. Telangana and Punjab followed with ₹2,500 crore each, with Punjab offering the highest return at 7.19% for a 24-year term.
West Bengal, Gujarat, and Bihar each raised securities worth Rs 2,000 crore. Gujarat offered the lowest yield among them, at 6.80% for a 9-year bond. Odisha raised ₹1,500 crore through two bonds, one at 6.98% and another at 6.13%. Tamil Nadu raised Rs 1,000 crore at 6.82 per cent for a 10-year bond, while Goa raised Rs 100 crore at a 6.89 per cent return.
The RBI organised this auction as part of its regular borrowing programme. It helps states fund development projects and meet their financial obligations through capital markets.
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