States raised Rs 15,330 crore through RBI's government securities auction

The Reserve Bank of India on Tuesday announced the results of the yield/price-based auction of State Government Securities (SGS), in which states and Union Territories collectively raised Rs 15,330 crore against the notified amount of Rs 17,850 crore, according to an official press release issued by the central bank

- TBG NETWORK

As per the auction results, Assam successfully raised Rs 900 crore through a 14-year security at a cutoff yield of 7.59 per cent. Chhattisgarh mobilised a total of Rs 2,000 crore through two securities. The first tranche of Rs 1,000 crore was raised through an eight-year security at a cutoff yield of 7.37 per cent, while the second tranche of Rs 1,000 crore was raised through the reissue of 7.29 per cent Chhattisgarh State Government Security (SGS) 2030 at a cutoff price of 100.83, translating into a yield of 7.0694 per cent. Goa raised Rs 100 crore through a 10-year security at a cutoff yield of 7.34 per cent. Gujarat raised Rs 1