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.CompanyValueChange%ChangeAccording 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:
StateAmount (INR crore)Tenure (years)Andhra Pradesh1,00011Assam9001595020Bihar1,54612Chhattisgarh2,00091,00010Gujarat1,0005Haryana2,00013Karnataka2,0007.52,00012.5Kerala1,92017Maharashtra1,500121,500131,000141,00015Manipur25015Punjab1,000
Re-issue of 7.19%, 2045 bond
Rajasthan1,000101,000171,250
Re-issue of 7.61%, 2032 bond
1,250
Re-issue of 7.45%, 2040 bond
Sikkim48810Tamil Nadu2,00081,00011.52,00030Uttar Pradesh3,00015West Bengal2,500
Re-issue of 7.17%, 2042 bond
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