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13 states raise close to ₹30,000 cr via auctions
Financial Express Lucknow
|December 03, 2025
10-year G-Sec and SGS spread widens up to 97 bps
INTHE LARGEST state government securities (SGS) auction of Q3FY26, 13 states collectively raised ₹29,725 crore on December 2, marking a sharp rebound in issuance after weeks of restraint. The auction size was 41.5% higher than the €21,000 crore initially indicated, reflecting renewed funding needs as the cushion from October’s double tranche of tax devolution has faded.
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