Tamil Nadu Announces ₹2,500 Crore Bond Sale; Auction Scheduled for June 9
The Tamil Nadu government has announced plans to raise ₹2,500 crore through the auction of government securities scheduled to be held on June 9, 2026. The auction will be conducted by the Reserve Bank of India (RBI) at its Mumbai office.
According to a statement issued by the Finance Department, the fundraising exercise will involve the re-issuance of three Tamil Nadu Government Securities with different maturity periods.
The proposed bond issues include 7.69% Tamil Nadu Government Security 2033 worth ₹1,000 crore, 7.74% Tamil Nadu Government Security 2036 worth ₹1,000 crore, and 7.80% Tamil Nadu Government Security 2041 worth ₹500 crore.
The securities will be sold through an electronic auction platform managed by the RBI. Investors can submit competitive bids between 10:30 a.m. and 11:30 a.m., while non-competitive bids will be accepted from 10:30 a.m. to 11:00 a.m. on the auction date.
The bond auction is part of the state`s borrowing programme and is aimed at mobilizing funds to support government expenditure, infrastructure development, and various public welfare initiatives.
The Reserve Bank of India will oversee the auction process and allotment of securities in accordance with the prevailing guidelines for state government borrowings.
