RBI says 5 states to raise INR 127 bln via bond sale Monday
This story was originally published at 19:45 IST on 9 April 2026
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--RBI: 5 states to raise INR 127 bln via bond sale Monday
MUMBAI – The Reserve Bank of India Thursday said five states will raise INR 127 billion through the sale of bonds on Monday. The auction will take place between 1030 IST and 1130 IST. Successful bidders will have to make payments on Wednesday. Markets are closed Tuesday for Ambedkar Jayanti.
The indicative calendar for state borrowing for the June quarter showed states and Union Territories would borrow around INR 139.50 billion on Monday. The central bank has also introduced a benchmark issuance strategy for market borrowing by nine states on a pilot basis. On Monday, only the five states borrowing under the benchmark issuance strategy as per the calendar will raise funds.
The states that are offering the bonds and the respective amounts are:
| State | Quantum (in INR bln) | Tenure (in years) |
| Bihar | 16 | 25 |
| Chhattisgarh | 5 | 5 |
| 5 | 14 | |
| Kerala | 4 | 7 |
| 10 | 11 | |
| 14 | 16 | |
| Madhya Pradesh | 12 | 16 |
| 6 | 30 | |
| Uttar Pradesh | 15 | 7 |
| 20 | Re-issue of 7.46%, 2037 | |
| 20 | Re-issue of 7.88%, 2046 | |
| Total | 127 |
Source: Reserve Bank of India
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Compiled by J. Navya Sruthi
Filed by Shubham Rana
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