SDLs are bonds issued by state governments similar to how GOI G-secs are issued by the central govt. You can invest in SDLs on Kite.
Check out the Varsity note to learn more about G-Secs and SDLs.
Here’s the issuance calendar of SDLs by the respective state governments.
| Proposed Date | Expected Quantum (₹ Cr) | State/UT | Amount (₹ Cr) | Maturity Bucket |
|---|---|---|---|---|
| April 07, 2026 (Tuesday) | 18,159 | Andhra Pradesh | 2,200 | 11-15 Yr |
| Andhra Pradesh | 2,200 | 21-25 Yr | ||
| Maharashtra | 800 | 02-05 Yr | ||
| Maharashtra | 1,600 | 11-15 Yr | ||
| Maharashtra | 1,200 | 21-25 Yr | ||
| Rajasthan | 600 | 02-05 Yr | ||
| Rajasthan | 1,200 | 16-20 Yr | ||
| Rajasthan | 1,800 | >25 Yr | ||
| Telangana | 2,000 | 16-20 Yr | ||
| Telangana | 1,900 | >25 Yr | ||
| Himachal Pradesh | 900 | — | ||
| Meghalaya | 259 | — | ||
| Punjab | 1,500 | — | ||
| April 13, 2026 (Monday) | 13,950 | Bihar | 1,600 | 21-25 Yr |
| Chhattisgarh | 500 | 02-05 Yr | ||
| Chhattisgarh | 500 | 11-15 Yr | ||
| Kerala | 400 | 06-10 Yr | ||
| Kerala | 1,000 | 11-15 Yr | ||
| Kerala | 1,400 | 16-20 Yr | ||
| Madhya Pradesh | 1,200 | 16-20 Yr | ||
| Madhya Pradesh | 600 | >25 Yr | ||
| Uttar Pradesh | 1,500 | 06-10 Yr | ||
| Uttar Pradesh | 2,000 | 11-15 Yr | ||
| Uttar Pradesh | 2,000 | 16-20 Yr | ||
| Karnataka | 900 | — | ||
| Meghalaya | 350 | — | ||
| April 21, 2026 (Tuesday) | 23,500 | Andhra Pradesh | 1,800 | 06-10 Yr |
| Andhra Pradesh | 1,800 | 16-20 Yr | ||
| Andhra Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,600 | 06-10 Yr | ||
| Maharashtra | 1,600 | 16-20 Yr | ||
| Maharashtra | 800 | >25 Yr | ||
| Rajasthan | 1,200 | 06-10 Yr | ||
| Rajasthan | 1,800 | 11-15 Yr | ||
| Rajasthan | 1,000 | 21-25 Yr | ||
| Telangana | 1,000 | 06-10 Yr | ||
| Telangana | 1,000 | 11-15 Yr | ||
| Telangana | 1,000 | 21-25 Yr | ||
| Goa | 100 | — | ||
| Gujarat | 2,000 | — | ||
| Manipur | 300 | — | ||
| Punjab | 500 | — | ||
| Tamil Nadu | 3,000 | — | ||
| West Bengal | 2,000 | — | ||
| April 28, 2026 (Tuesday) | 25,500 | Bihar | 1,200 | 06-10 Yr |
| Bihar | 1,200 | 11-15 Yr | ||
| Chhattisgarh | 500 | 06-10 Yr | ||
| Chhattisgarh | 500 | 21-25 Yr | ||
| Kerala | 1,800 | 21-25 Yr | ||
| Kerala | 1,600 | 06-10 Yr | ||
| Madhya Pradesh | 1,200 | 21-25 Yr | ||
| Uttar Pradesh | 2,000 | 06-10 Yr | ||
| Uttar Pradesh | 2,500 | 11-15 Yr | ||
| Assam | 1,000 | — | ||
| Goa | 100 | — | ||
| Gujarat | 2,000 | — | ||
| Karnataka | 900 | — | ||
| Odisha | 1,000 | — | ||
| Punjab | 2,000 | — | ||
| Tamil Nadu | 3,000 | — | ||
| Uttarakhand | 1,000 | — | ||
| West Bengal | 2,000 | — | ||
| May 05, 2026 (Tuesday) | 25,800 | Andhra Pradesh | 2,200 | 11-15 Yr |
| Andhra Pradesh | 2,200 | 21-25 Yr | ||
| Maharashtra | 800 | 02-05 Yr | ||
| Maharashtra | 1,600 | 11-15 Yr | ||
| Maharashtra | 1,200 | 21-25 Yr | ||
| Rajasthan | 600 | 02-05 Yr | ||
| Rajasthan | 1,200 | 16-20 Yr | ||
| Rajasthan | 1,800 | >25 Yr | ||
| Telangana | 2,000 | 16-20 Yr | ||
| Telangana | 2,000 | >25 Yr | ||
| Goa | 100 | — | ||
| Gujarat | 1,000 | — | ||
| Haryana | 2,000 | — | ||
| Himachal Pradesh | 500 | — | ||
| Mizoram | 100 | — | ||
| Punjab | 500 | — | ||
| Tamil Nadu | 3,000 | — | ||
| West Bengal | 3,000 | — | ||
| May 12, 2026 (Tuesday) | 15,450 | Bihar | 1,600 | 21-25 Yr |
| Chhattisgarh | 500 | 02-05 Yr | ||
| Chhattisgarh | 500 | 11-15 Yr | ||
| Kerala | 400 | 06-10 Yr | ||
| Kerala | 1,000 | 11-15 Yr | ||
| Kerala | 1,400 | 16-20 Yr | ||
| Madhya Pradesh | 1,200 | 16-20 Yr | ||
| Madhya Pradesh | 600 | >25 Yr | ||
| Uttar Pradesh | 700 | 06-10 Yr | ||
| Uttar Pradesh | 1,000 | 11-15 Yr | ||
| Assam | 1,000 | — | ||
| Karnataka | 900 | — | ||
| Manipur | 250 | — | ||
| Nagaland | 400 | — | ||
| Odisha | 1,000 | — | ||
| Tamil Nadu | 3,000 | — | ||
| May 19, 2026 (Tuesday) | 23,100 | Andhra Pradesh | 1,800 | 06-10 Yr |
| Andhra Pradesh | 1,800 | 16-20 Yr | ||
| Andhra Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,600 | 06-10 Yr | ||
| Maharashtra | 1,600 | 16-20 Yr | ||
| Maharashtra | 800 | >25 Yr | ||
| Rajasthan | 1,200 | 06-10 Yr | ||
| Rajasthan | 1,800 | 11-15 Yr | ||
| Rajasthan | 1,000 | 21-25 Yr | ||
| Telangana | 750 | 06-10 Yr | ||
| Telangana | 500 | 11-15 Yr | ||
| Telangana | 750 | 21-25 Yr | ||
| Goa | 200 | — | ||
| Gujarat | 1,000 | — | ||
| Haryana | 1,000 | — | ||
| Meghalaya | 300 | — | ||
| Punjab | 500 | — | ||
| Tamil Nadu | 3,000 | — | ||
| West Bengal | 2,500 | — | ||
| May 26, 2026 (Tuesday) | 23,950 | Bihar | 1,200 | 06-10 Yr |
| Bihar | 1,200 | 11-15 Yr | ||
| Chhattisgarh | 500 | 06-10 Yr | ||
| Chhattisgarh | 500 | 21-25 Yr | ||
| Kerala | 1,800 | 21-25 Yr | ||
| Madhya Pradesh | 1,600 | 06-10 Yr | ||
| Madhya Pradesh | 1,200 | 21-25 Yr | ||
| Uttar Pradesh | 1,000 | 06-10 Yr | ||
| Uttar Pradesh | 700 | 11-15 Yr | ||
| Assam | 500 | — | ||
| Goa | 100 | — | ||
| Gujarat | 2,000 | — | ||
| Karnataka | 900 | — | ||
| Odisha | 1,000 | — | ||
| Punjab | 2,000 | — | ||
| Sikkim | 250 | — | ||
| Tamil Nadu | 3,000 | — | ||
| Uttarakhand | 1,000 | — | ||
| West Bengal | 3,500 | — | ||
| June 02, 2026 (Tuesday) | 24,200 | Andhra Pradesh | 2,200 | 11-15 Yr |
| Andhra Pradesh | 2,200 | 21-25 Yr | ||
| Maharashtra | 800 | 02-05 Yr | ||
| Maharashtra | 1,600 | 11-15 Yr | ||
| Maharashtra | 1,200 | 21-25 Yr | ||
| Rajasthan | 600 | 02-05 Yr | ||
| Rajasthan | 1,200 | 16-20 Yr | ||
| Rajasthan | 1,800 | >25 Yr | ||
| Telangana | 2,000 | 16-20 Yr | ||
| Telangana | 2,000 | >25 Yr | ||
| Goa | 100 | — | ||
| Haryana | 1,000 | — | ||
| Himachal Pradesh | 500 | — | ||
| Punjab | 500 | — | ||
| Tamil Nadu | 3,000 | — | ||
| West Bengal | 3,500 | — | ||
| June 09, 2026 (Tuesday) | 18,250 | Bihar | 1,600 | 21-25 Yr |
| Chhattisgarh | 500 | 02-05 Yr | ||
| Chhattisgarh | 500 | 11-15 Yr | ||
| Kerala | 400 | 06-10 Yr | ||
| Kerala | 1,000 | 11-15 Yr | ||
| Kerala | 1,400 | 16-20 Yr | ||
| Madhya Pradesh | 1,200 | 16-20 Yr | ||
| Madhya Pradesh | 600 | >25 Yr | ||
| Uttar Pradesh | 700 | 11-15 Yr | ||
| Uttar Pradesh | 1,000 | 16-20 Yr | ||
| Goa | 100 | — | ||
| Gujarat | 2,000 | — | ||
| Haryana | 2,000 | — | ||
| Karnataka | 900 | — | ||
| Manipur | 250 | — | ||
| Mizoram | 100 | — | ||
| Odisha | 1,000 | — | ||
| Tamil Nadu | 3,000 | — | ||
| June 16, 2026 (Tuesday) | 23,000 | Andhra Pradesh | 1,800 | 06-10 Yr |
| Andhra Pradesh | 1,800 | 16-20 Yr | ||
| Andhra Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,600 | 06-10 Yr | ||
| Maharashtra | 1,600 | 16-20 Yr | ||
| Maharashtra | 800 | >25 Yr | ||
| Rajasthan | 1,200 | 06-10 Yr | ||
| Rajasthan | 1,800 | 11-15 Yr | ||
| Rajasthan | 1,000 | 21-25 Yr | ||
| Telangana | 750 | 06-10 Yr | ||
| Telangana | 750 | 11-15 Yr | ||
| Telangana | 500 | 21-25 Yr | ||
| Assam | 1,000 | — | ||
| Goa | 100 | — | ||
| Puducherry | 300 | — | ||
| Punjab | 1,000 | — | ||
| Tamil Nadu | 3,000 | — | ||
| Uttarakhand | 500 | — | ||
| West Bengal | 2,500 | — | ||
| June 23, 2026 (Tuesday) | 19,650 | Bihar | 1,200 | 06-10 Yr |
| Bihar | 1,200 | 11-15 Yr | ||
| Chhattisgarh | 500 | 06-10 Yr | ||
| Chhattisgarh | 500 | 21-25 Yr | ||
| Kerala | 1,800 | 21-25 Yr | ||
| Madhya Pradesh | 1,600 | 06-10 Yr | ||
| Madhya Pradesh | 1,200 | 21-25 Yr | ||
| Uttar Pradesh | 700 | 06-10 Yr | ||
| Uttar Pradesh | 1,000 | 11-15 Yr | ||
| Goa | 100 | — | ||
| Haryana | 1,000 | — | ||
| Karnataka | 900 | — | ||
| Meghalaya | 200 | — | ||
| Odisha | 1,000 | — | ||
| Punjab | 1,000 | — | ||
| Sikkim | 250 | — | ||
| Tamil Nadu | 3,000 | — | ||
| West Bengal | 2,500 | — | ||
| Total | 2,54,509 |
Note: States where the maturity bucket is specified are part of the RBI’s Benchmark Issuance Strategy (BIS) pilot for FY27 (Andhra Pradesh, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh). These states issue securities in specific benchmark tenor buckets per a pre-announced calendar. Remaining states/UTs follow the conventional issuance route; tenor details are not pre-announced.