New Delhi, Feb. 24 -- The Reserve Bank of India (RBI) on Tuesday announced the results of the yield/price-based auction of State Government Securities (SGS), with states collectively accepting Rs 46,100 crore against the notified amount of Rs 44,550 crore, indicating additional subscriptions in select securities.

As many as 16 State Governments raised funds through a mix of fresh issuances and re-issues. The securities span maturities ranging from three years to 28 years, reflecting varied borrowing strategies aligned with states' fiscal requirements.

Among major issuances, Andhra Pradesh raised Rs 1,500 crore at a cut-off yield of 7.69 per cent for a 16-year tenor and Rs 1,600 crore at 7.70 per cent for 21 years, as per the data releas...