Andhra Pradesh Set for Major Bond Auction to Raise Rs 10,000 Crore

Andhra Pradesh is gearing up to generate an additional Rs 10,000 crore by auctioning state government securities in the open market this quarter. This move is outlined in the state's Indicative Calendar of Market borrowings.

The state has already raised Rs 1,900 crore through bonds auctioned on October 7. According to the Reserve Bank of India's schedule, the state is planning to amass Rs 5,000 crore on both November 4 and November 25.

By the end of August, Andhra Pradesh's total borrowings had reached Rs 55,901.43 crore, approximately 70% of its estimated Rs 79,926.89 crore budget. The fiscal deficit has escalated to Rs 41,635.63 crore, surpassing the budget's anticipated Rs 33,185.97 crore deficit for 2025-26.

(With inputs from agencies.)