Sale of Maharashtra Government Bonds of ₹1,000 Crore Each with Maturity of 4, 8, and 9 Years

Sale of Maharashtra Government 4-Year Bonds Worth ₹1,000 Crore

Mumbai, Sept 2025 : The Maharashtra Government’s 4-year bonds worth ₹1,000 crore – “6.74% Maharashtra Government Bonds, 2029” (raised on September 10, 2025) – will be sold subject to the terms and conditions specified in the revised government notification. The proceeds of this loan will be utilized to provide financial support for government development works, informed Finance Department Secretary Shaila A. through a press release.

As per the Non-Competitive Bidding Method (Revised), 10% of the total notified loan bond amount will be reserved for eligible individual and institutional investors. However, the maximum allocation to a single investor shall not exceed 1% of the total notified amount.

The auction will be conducted by the Reserve Bank of India at its Mumbai office on September 16, 2025. Bids for the auction must be submitted on the same date through RBI’s Core Banking Solution (e-Kuber System) as per computerised procedures.

Competitive bids through the e-Kuber system must be submitted between 10:30 a.m. and 11:30 a.m., while non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m. The auction results will be published on the RBI website the same day. Payment from successful bidders must be made on September 17, 2025 in cash, banker’s cheque/payment order, demand draft, or by cheque payable at RBI Mumbai, before the close of banking hours.

The bond tenure will be 4 years, commencing from September 10, 2025, and will be repaid in full at face value on September 10, 2029. The interest rate will be 6.74% per annum, payable on the original face value on a semi-annual basis, every March 10 and September 10, from the date of issue.

Investment by banks in these government bonds will qualify for Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. These bonds will also be eligible for secondary market trading, the Finance Department stated.

Sale of Maharashtra Government 8-Year Bonds Worth ₹1,000 Crore

The Maharashtra Government’s 8-year bonds worth ₹1,000 crore – “7.18% Maharashtra Government Bonds, 2033” (raised on September 10, 2025) – will be sold subject to the revised government notification’s terms and conditions. The proceeds will be used to fund development works, informed Finance Department Secretary Shaila A.

As per the Non-Competitive Bidding Method (Revised), 10% of the notified amount will be reserved for eligible investors, with a maximum limit of 1% allocation per investor.

The auction will be held on September 16, 2025, by RBI at its Mumbai office. Bids must be submitted through the e-Kuber system. Competitive bids: 10:30 a.m. – 11:30 a.m. Non-competitive bids: 10:30 a.m. – 11:00 a.m. Results will be declared on the RBI website the same day. Payment must be completed by September 17, 2025 in the prescribed manner.

The bond tenure will be 8 years, starting September 10, 2025, with repayment on September 10, 2033 at face value. Interest rate: 7.18% per annum, payable semi-annually on March 10 and September 10.

These bonds will also qualify for SLR under Section 24 of the Banking Regulation Act, 1949, and will be tradable in the secondary market.

Sale of Maharashtra Government 9-Year Bonds Worth ₹1,000 Crore

The Maharashtra Government’s 9-year bonds worth ₹1,000 crore – “7.24% Maharashtra Government Bonds, 2034” (raised on September 10, 2025) – will be sold subject to revised notification terms. Proceeds will be used for development works, informed Finance Department Secretary Shaila A.

As per the Non-Competitive Bidding Method (Revised), 10% of the total notified amount will be allocated to eligible investors, with a maximum limit of 1% per investor.

The auction will take place on September 16, 2025 at RBI Mumbai, with bids to be submitted via the e-Kuber system. Competitive bids: 10:30 a.m. – 11:30 a.m., Non-competitive bids: 10:30 a.m. – 11:00 a.m. Results will be published on RBI’s website the same day. Payments must be made by September 17, 2025.

The bond tenure will be 9 years, starting September 10, 2025, with full repayment on September 10, 2034. Interest rate: 7.24% per annum, payable semi-annually on March 10 and September 10.

Bank investments in these government bonds will qualify for SLR under Section 24 of the Banking Regulation Act, 1949. These bonds will also be tradable in the secondary market, the Finance Department informed.