Maharashtra Government’s Four, Eight, and Eleven-Year Term Rs 1,500 Crore Bonds for Sale

Maharashtra Government’s Four-Year Term Rs 1,500 Crore Bonds for Sale

Mumbai, Jan 2026 : The Maharashtra Government is putting up for sale Rs 1,500 crore four-year term bonds. The state government will have the option to raise an additional amount up to Rs 350 crore. The sale will be conducted subject to the terms and conditions mentioned in the government’s specified notification. It will also be subject to the terms and conditions mentioned in the amended general notification No. LNF 10.19/Pr.Cr.10/Arthopay, dated May 16, 2019, and its subsequent amendments, according to a press release issued by Development Chandras Rastogi, Additional Chief Secretary (Financial Reforms), Finance Department.

The funds raised through the bonds will be used to finance the development programs of the Maharashtra Government. Under Article 293(3) of the Indian Constitution, permission of the Central Government has been obtained for this borrowing.

The sale of government bonds will be conducted by the Reserve Bank of India, Fort, Mumbai, through auction, following the procedure indicated in paragraph 6.1 of the amended general notification No. LNF 10.19/Pr.Cr.10/Arthopay, dated May 16, 2019.

According to the competitive auction method (revised), 10 percent of the total notified government bonds amount will be allocated to eligible individual and institutional investors. However, for a single investor, allocation will be limited to a maximum of 1 percent of the total notified amount.

The auction will be held on February 3, 2026, at the Reserve Bank of India office in Mumbai. Bids for the auction must be submitted through the computer system of the Reserve Bank of India, Core Banking Solution (E-Kuber).

Competitive bids must be submitted through the E-Kuber system between 10:30 AM and 11:30 AM, while non-competitive bids must be submitted through the same system between 10:30 AM and 11:00 AM. The auction result will be published on the RBI website on the same day. Payment by successful bidders will be made on February 4, 2026.

Payments from successful bidders will be made in cash, bankers’ cheques/payment orders, demand drafts, or via credit to their accounts at the Reserve Bank of India, Mumbai office, before the close of business hours.

The tenure of the bond is four years, starting from February 4, 2026, with repayment in full on February 4, 2030. The maximum yield will be the annual coupon rate on bonds sold at auction, with interest payable semi-annually on August 4 and February 4 each year.

Bank investments in government bonds will qualify as Statutory Liquidity Ratio (SLR) assets under Section 24 of the Banking Regulation Act, 1949. These bonds will also be eligible for repo transactions, according to the Finance Department.

Maharashtra Government’s Eight-Year Term Rs 1,500 Crore Bonds for Sale

Mumbai, Jan 30: The Maharashtra Government is putting up for sale Rs 1,500 crore eight-year term bonds. The state government may raise an additional amount up to Rs 350 crore. The sale will be subject to the terms and conditions mentioned in the government notification and the amended general notification No. LNF 10.19/Pr.Cr.10/Arthopay dated May 16, 2019, as updated from time to time.

Funds raised will be used to finance Maharashtra’s development programs. Approval from the Central Government has been obtained under Article 293(3) of the Constitution.

The auction will be conducted by the RBI, Fort, Mumbai, according to the amended procedure in paragraph 6.1 of the same notification. 10 percent of the total notified bond amount will be allocated to eligible investors, with a maximum of 1 percent for any single investor.

Auction date: February 3, 2026, bids via E-Kuber system. Results published same day, payments on February 4, 2026.

Bond tenure: Eight years, from February 4, 2026, to February 4, 2034. Interest payable semi-annually on August 4 and February 4. Bank investments eligible as SLR assets; bonds repo-eligible.

Maharashtra Government’s Eleven-Year Term Rs 1,500 Crore Bonds for Sale

Mumbai, Jan 30: The Maharashtra Government is putting up for sale Rs 1,500 crore eleven-year term bonds. An additional amount up to Rs 350 crore may be raised. Sale will be subject to terms in the government notification and amended general notification No. LNF 10.19/Pr.Cr.10/Arthopay dated May 16, 2019.

Funds will be used for state development programs, with Central Government approval under Article 293(3). Auction by RBI, Fort, Mumbai, as per amended notification.

Allocation: 10% for eligible investors, max 1% per investor. Auction: February 3, 2026, bids via E-Kuber, result published same day, payments on February 4, 2026.

Bond tenure: 11 years, from February 4, 2026, to February 4, 2037. Interest payable semi-annually on August 4 and February 4. Bank investments count as SLR assets; bonds repo-eligible.