Mumbai, April 21 -- State governments collectively raised Rs 16,900 crore through a yield-based auction of State Government Securities (SGS) held on 21 April 2026. The entire notified amount was successfully accepted.

The auction saw a mix of short, medium, and long-tenor bonds, with yields largely clustering in the 7.5% to 7.8% range.

Andhra Pradesh raised a total of Rs 4,600 crore across three maturities. The state accepted Rs 1,800 crore each in 8-year and 16-year papers at cut-off yields of 7.63% and 7.79%, respectively. Additionally, Rs 1,000 crore was raised via a 30-year bond at 7.81%.

Maharashtra mobilised Rs 4,000 crore through three issuances. The state raised Rs 1,600 crore each through 8-year and 18-year securities at yield...