Issuance calendar for State Development Loans (SDLs)

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 of borrowing (in ₹ Cr) States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Cr)
01-Jul-25 18,100 Andhra Pradesh 2000
(Tuesday) Assam 900
Gujarat 1,000
Himachal Pradesh 1,200
Kerala 2,000
Maharashtra 6,000
Rajasthan 500
Tamil Nadu 2,000
Telangana 1,500
West Bengal 1,000
08-Jul-25 22,400 Bihar 2,000
(Tuesday) Goa 100
Gujarat 2,000
Haryana 1,000
Jammu & Kashmir 400
Kerala 1,000
Madhya Pradesh 4,800
Maharashtra 4,000
Mizoram 100
Odisha 1,000
Punjab 500
Rajasthan 1,000
Tamil Nadu 2,000
Uttar Pradesh 2,500
15-Jul-25 17,400 Bihar 2,000
(Tuesday) Chhattisgarh 1,000
Goa 100
Jammu & Kashmir 700
Maharashtra 6,000
Nagaland 300
Odisha 1,000
Puducherry 200
Punjab 500
Tamil Nadu 2,000
Telangana 1,000
Tripura 600
West Bengal 2,000
22-Jul-25 18,500 Bihar 2,000
(Tuesday) Goa 100
Haryana 2,000
Maharashtra 4,000
Manipur 250
Meghalaya 150
Odisha 1,000
Punjab 500
Tamil Nadu 2,000
Telangana 1,000
Uttar Pradesh 2,500
West Bengal 3,000
29-Jul-25 26,500 Assam 500
(Tuesday) Chhattisgarh 1,000
Gujarat 3,000
Haryana 1,000
Kerala 2,000
Madhya Pradesh 4,000
Maharashtra 4,000
Punjab 500
Rajasthan 4,000
Sikkim 500
Tamil Nadu 3,000
Telangana 1,000
West Bengal 2,000
05-Aug-25 26,717 Andhra Pradesh 5,500
(Tuesday) Assam 900
Bihar 2,000
Goa 100
Haryana 1,000
Himachal Pradesh 800
Jammu & Kashmir 317
Kerala 2,000
Maharashtra 4,000
Mizoram 100
Odisha 1,000
Punjab 1,500
Rajasthan 1,000
Tamil Nadu 2,000
Uttarakhand 500
Uttar Pradesh 2,500
West Bengal 1,500
12-Aug-25 14,700 Bihar 2,000
(Tuesday) Kerala 2,000
Maharashtra 5,000
Manipur 200
Punjab 1,000
Tamil Nadu 2,000
Telangana 1,500
West Bengal 1,000
19-Aug-25 26,150 Bihar 2,000
(Tuesday) Goa 100
Gujarat 2,000
Haryana 1,500
Kerala 1,000
Madhya Pradesh 4,800
Maharashtra 4,000
Meghalaya 450
Odisha 1,000
Puducherry 200
Punjab 500
Tamil Nadu 2,000
Telangana 1,000
Tripura 600
Uttarakhand 500
Uttar Pradesh 2,500
West Bengal 2,000
26-Aug-25 20,850 Assam 450
(Tuesday) Goa 100
Gujarat 2,000
Haryana 1,500
Jammu & Kashmir 800
Kerala 2,000
Maharashtra 4,000
Rajasthan 4,000
Tamil Nadu 3,000
Telangana 1,000
West Bengal 2,000
02-Sep-25 21,400 Andhra Pradesh 4,000
(Tuesday) Assam 500
Bihar 2,000
Chhattisgarh 1,500
Goa 100
Gujarat 2,000
Himachal Pradesh 800
Kerala 1,000
Maharashtra 3,000
Punjab 1,500
Rajasthan 1,000
Tamil Nadu 2,000
Uttarakhand 500
West Bengal 1,500
09-Sep-25 15,150 Goa 150
(Tuesday) Haryana 1,500
Jammu & Kashmir 700
Maharashtra 4,000
Nagaland 300
Odisha 1,000
Punjab 500
Tamil Nadu 2,000
Telangana 1,000
Uttar Pradesh 2,500
West Bengal 1,500
16-Sep-25 23,629 Assam 500
(Tuesday) Bihar 2,000
Gujarat 1,500
Haryana 1,000
Madhya Pradesh 4,800
Maharashtra 3,000
Meghalaya 100
Mizoram 150
Rajasthan 1,500
Tamil Nadu 2,000
Telangana 1,000
Tripura 579
Uttarakhand 500
Uttar Pradesh 2,000
West Bengal 3,000
23-Sep-25 20,100 Assam 500
(Tuesday) Goa 100
Haryana 1,500
Kerala 1,000
Maharashtra 4,000
Odisha 1,000
Punjab 500
Sikkim 500
Tamil Nadu 4,000
Telangana 1,000
Uttar Pradesh 2,500
West Bengal 3,500
30-Sep-25 15,100 Assam 500
(Tuesday) Goa 100
Gujarat 2,000
Haryana 1,000
Kerala 1,000
Maharashtra 4,000
Punjab 1,000
Rajasthan 4,000
Telangana 1,000
Uttarakhand 500
Total 2,86,696

Issuance calendar for GOI dated bonds.

Issuance calendar for T-bills

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