The Reserve Bank of India (RBI) announced on Friday, February 21, that 16 states are set to raise ₹38,054 crore through bond sales scheduled for Tuesday. The auction will be conducted between 10:30-11:30 AM IST, with successful bidders required to complete payments on Thursday, as money markets will remain closed on Wednesday for Mahashivratri.
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According to the indicative borrowing calendar for the January-March quarter, states had initially planned to raise ₹49,907 crore on Tuesday. However, the actual amount being mobilised is lower than projected.
The following states will participate in the bond issuance, along with their respective borrowing amounts and tenures:
State | Amount (INR crore) | Tenure (years) |
Andhra Pradesh | 1,000 | 11 |
Assam | 900 | 15 |
950 | 20 | |
Bihar | 1,546 | 12 |
Chhattisgarh | 2,000 | 9 |
1,000 | 10 | |
Gujarat | 1,000 | 5 |
Haryana | 2,000 | 13 |
Karnataka | 2,000 | 7.5 |
2,000 | 12.5 | |
Kerala | 1,920 | 17 |
Maharashtra | 1,500 | 12 |
1,500 | 13 | |
1,000 | 14 | |
1,000 | 15 | |
Manipur | 250 | 15 |
Punjab | 1,000 |
Re-issue of 7.19%, 2045 bond |
Rajasthan | 1,000 | 10 |
1,000 | 17 | |
1,250 |
Re-issue of 7.61%, 2032 bond |
|
1,250 |
Re-issue of 7.45%, 2040 bond |
|
Sikkim | 488 | 10 |
Tamil Nadu | 2,000 | 8 |
1,000 | 11.5 | |
2,000 | 30 | |
Uttar Pradesh | 3,000 | 15 |
West Bengal | 2,500 |
Re-issue of 7.17%, 2042 bond |
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