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 |
|---|---|---|---|---|
| October 06, 2026 (Tuesday) | 25,100 | Andhra Pradesh | 1,000 | 06-10 Yr |
| Andhra Pradesh | 1,000 | 16-20 Yr | ||
| Delhi | 500 | 06-10 Yr | ||
| Delhi | 500 | 11-15 Yr | ||
| Goa | 200 | 06-10 Yr | ||
| Himachal Pradesh | 600 | 16-20 Yr | ||
| Jammu and Kashmir | 800 | 21-25 Yr | ||
| Madhya Pradesh | 1,000 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 16-20 Yr | ||
| Madhya Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,500 | 02-05 Yr | ||
| Maharashtra | 1,500 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,200 | 21-25 Yr | ||
| Meghalaya | 400 | 11-15 Yr | ||
| Punjab | 500 | 02-05 Yr | ||
| Punjab | 1,000 | 11-15 Yr | ||
| Rajasthan | 1,100 | 11-15 Yr | ||
| Rajasthan | 800 | 21-25 Yr | ||
| Telangana | 1,000 | 16-20 Yr | ||
| Telangana | 1,500 | >25 Yr | ||
| West Bengal | 500 | 06-10 Yr | ||
| West Bengal | 1,000 | 11-15 Yr | ||
| West Bengal | 500 | 21-25 Yr | ||
| Karnataka | 2,000 | — | ||
| October 13, 2026 (Tuesday) | 31,200 | Assam | 1,000 | 11-15 Yr |
| Bihar | 1,000 | 16-20 Yr | ||
| Bihar | 2,000 | 21-25 Yr | ||
| Chhattisgarh | 600 | 06-10 Yr | ||
| Chhattisgarh | 600 | 16-20 Yr | ||
| Haryana | 1,000 | 11-15 Yr | ||
| Haryana | 1,500 | 21-25 Yr | ||
| Keralam | 1,000 | 06-10 Yr | ||
| Mizoram | 100 | 11-15 Yr | ||
| Odisha | 500 | 06-10 Yr | ||
| Odisha | 500 | 11-15 Yr | ||
| Uttar Pradesh | 1,500 | 11-15 Yr | ||
| Uttar Pradesh | 2,000 | 16-20 Yr | ||
| Uttarakhand | 500 | 06-10 Yr | ||
| Uttarakhand | 500 | 16-20 Yr | ||
| Uttarakhand | 500 | >25 Yr | ||
| West Bengal | 1,000 | 02-05 Yr | ||
| West Bengal | 2,200 | 16-20 Yr | ||
| West Bengal | 2,200 | >25 Yr | ||
| Gujarat | 2,000 | — | ||
| Karnataka | 2,000 | — | ||
| Tamil Nadu | 7,000 | — | ||
| October 19, 2026 (Monday) | 22,500 | Andhra Pradesh | 1,000 | 21-25 Yr |
| Goa | 200 | 11-15 Yr | ||
| Jammu and Kashmir | 400 | 16-20 Yr | ||
| Madhya Pradesh | 1,000 | 02-05 Yr | ||
| Madhya Pradesh | 1,000 | 11-15 Yr | ||
| Madhya Pradesh | 1,000 | 21-25 Yr | ||
| Maharashtra | 1,500 | 06-10 Yr | ||
| Maharashtra | 2,000 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,500 | >25 Yr | ||
| Meghalaya | 100 | 11-15 Yr | ||
| Punjab | 500 | 06-10 Yr | ||
| Punjab | 1,000 | 16-20 Yr | ||
| Rajasthan | 1,000 | 06-10 Yr | ||
| Rajasthan | 1,500 | 16-20 Yr | ||
| Rajasthan | 1,000 | >25 Yr | ||
| Telangana | 1,000 | 11-15 Yr | ||
| Telangana | 1,000 | 21-25 Yr | ||
| Tripura | 300 | 06-10 Yr | ||
| Tripura | 500 | 21-25 Yr | ||
| Gujarat | 2,000 | — | ||
| October 27, 2026 (Tuesday) | 26,900 | Assam | 1,000 | 06-10 Yr |
| Bihar | 1,000 | 06-10 Yr | ||
| Bihar | 2,000 | 11-15 Yr | ||
| Chhattisgarh | 600 | 11-15 Yr | ||
| Chhattisgarh | 600 | 21-25 Yr | ||
| Haryana | 1,000 | 06-10 Yr | ||
| Haryana | 1,000 | 16-20 Yr | ||
| Haryana | 1,000 | >25 Yr | ||
| Himachal Pradesh | 400 | 21-25 Yr | ||
| Jharkhand | 800 | 06-10 Yr | ||
| Keralam | 1,500 | 11-15 Yr | ||
| Manipur | 300 | 16-20 Yr | ||
| Nagaland | 300 | 06-10 Yr | ||
| Sikkim | 200 | 02-05 Yr | ||
| Sikkim | 200 | 16-20 Yr | ||
| Uttar Pradesh | 500 | 06-10 Yr | ||
| Uttar Pradesh | 1,000 | 16-20 Yr | ||
| Uttar Pradesh | 2,000 | 21-25 Yr | ||
| Uttarakhand | 500 | 11-15 Yr | ||
| Gujarat | 2,000 | — | ||
| Tamil Nadu | 9,000 | — | ||
| November 03, 2026 (Tuesday) | 26,200 | Andhra Pradesh | 1,000 | 06-10 Yr |
| Andhra Pradesh | 1,000 | >25 Yr | ||
| Delhi | 500 | 06-10 Yr | ||
| Delhi | 500 | 11-15 Yr | ||
| Goa | 200 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 16-20 Yr | ||
| Madhya Pradesh | 1,500 | >25 Yr | ||
| Maharashtra | 1,500 | 02-05 Yr | ||
| Maharashtra | 1,500 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,200 | 21-25 Yr | ||
| Meghalaya | 100 | 06-10 Yr | ||
| Punjab | 500 | 02-05 Yr | ||
| Punjab | 1,000 | 11-15 Yr | ||
| Rajasthan | 500 | 11-15 Yr | ||
| Rajasthan | 500 | 21-25 Yr | ||
| Telangana | 1,000 | 16-20 Yr | ||
| Telangana | 1,500 | >25 Yr | ||
| West Bengal | 1,000 | 06-10 Yr | ||
| West Bengal | 2,000 | 11-15 Yr | ||
| West Bengal | 2,200 | 21-25 Yr | ||
| Karnataka | 2,000 | — | ||
| November 09, 2026 (Monday) | 27,560 | Assam | 1,000 | 16-20 Yr |
| Bihar | 2,000 | 16-20 Yr | ||
| Bihar | 2,000 | 21-25 Yr | ||
| Chhattisgarh | 900 | 06-10 Yr | ||
| Chhattisgarh | 600 | 16-20 Yr | ||
| Haryana | 500 | 02-05 Yr | ||
| Haryana | 2,000 | 11-15 Yr | ||
| Haryana | 2,000 | 21-25 Yr | ||
| Jammu and Kashmir | 1,000 | 21-25 Yr | ||
| Keralam | 1,000 | 06-10 Yr | ||
| Mizoram | 110 | 11-15 Yr | ||
| Nagaland | 450 | 11-15 Yr | ||
| Odisha | 500 | 11-15 Yr | ||
| Uttar Pradesh | 1,500 | 11-15 Yr | ||
| Uttar Pradesh | 2,000 | 16-20 Yr | ||
| Uttarakhand | 500 | 06-10 Yr | ||
| Gujarat | 2,500 | — | ||
| Tamil Nadu | 7,000 | — | ||
| November 17, 2026 (Tuesday) | 26,900 | Andhra Pradesh | 1,000 | 21-25 Yr |
| Goa | 200 | 11-15 Yr | ||
| Madhya Pradesh | 1,000 | 02-05 Yr | ||
| Madhya Pradesh | 1,000 | 11-15 Yr | ||
| Madhya Pradesh | 1,000 | 21-25 Yr | ||
| Maharashtra | 1,500 | 06-10 Yr | ||
| Maharashtra | 2,000 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,500 | >25 Yr | ||
| Meghalaya | 100 | 06-10 Yr | ||
| Punjab | 1,000 | 06-10 Yr | ||
| Punjab | 500 | 16-20 Yr | ||
| Rajasthan | 1,000 | 06-10 Yr | ||
| Rajasthan | 1,000 | 16-20 Yr | ||
| Rajasthan | 1,000 | >25 Yr | ||
| Telangana | 1,000 | 11-15 Yr | ||
| Telangana | 1,000 | 21-25 Yr | ||
| Tripura | 200 | 06-10 Yr | ||
| Tripura | 500 | 21-25 Yr | ||
| West Bengal | 1,000 | 02-05 Yr | ||
| West Bengal | 2,200 | 16-20 Yr | ||
| West Bengal | 2,200 | >25 Yr | ||
| Karnataka | 2,000 | — | ||
| November 23, 2026 (Monday) | 33,550 | Assam | 1,000 | 06-10 Yr |
| Bihar | 1,000 | 06-10 Yr | ||
| Bihar | 2,000 | 11-15 Yr | ||
| Chhattisgarh | 900 | 11-15 Yr | ||
| Chhattisgarh | 600 | 21-25 Yr | ||
| Haryana | 1,000 | 06-10 Yr | ||
| Haryana | 2,000 | 16-20 Yr | ||
| Haryana | 2,000 | >25 Yr | ||
| Jammu and Kashmir | 800 | 16-20 Yr | ||
| Jharkhand | 500 | 11-15 Yr | ||
| Jharkhand | 500 | 16-20 Yr | ||
| Keralam | 1,500 | 11-15 Yr | ||
| Manipur | 300 | 16-20 Yr | ||
| Nagaland | 450 | 11-15 Yr | ||
| Sikkim | 200 | 02-05 Yr | ||
| Sikkim | 200 | 16-20 Yr | ||
| Uttar Pradesh | 500 | 06-10 Yr | ||
| Uttar Pradesh | 1,000 | 16-20 Yr | ||
| Uttar Pradesh | 2,000 | 21-25 Yr | ||
| Uttarakhand | 500 | 11-15 Yr | ||
| Uttarakhand | 600 | 16-20 Yr | ||
| Uttarakhand | 500 | 21-25 Yr | ||
| Gujarat | 2,500 | — | ||
| Karnataka | 2,000 | — | ||
| Tamil Nadu | 9,000 | — | ||
| December 01, 2026 (Tuesday) | 26,800 | Andhra Pradesh | 1,000 | 06-10 Yr |
| Andhra Pradesh | 1,000 | >25 Yr | ||
| Delhi | 500 | 06-10 Yr | ||
| Delhi | 1,000 | 11-15 Yr | ||
| Goa | 200 | 06-10 Yr | ||
| Himachal Pradesh | 400 | 16-20 Yr | ||
| Madhya Pradesh | 1,000 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 16-20 Yr | ||
| Madhya Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,500 | 02-05 Yr | ||
| Maharashtra | 1,500 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,200 | 21-25 Yr | ||
| Meghalaya | 300 | 16-20 Yr | ||
| Punjab | 1,000 | 02-05 Yr | ||
| Punjab | 500 | 11-15 Yr | ||
| Rajasthan | 500 | 11-15 Yr | ||
| Rajasthan | 500 | 21-25 Yr | ||
| Telangana | 1,000 | 16-20 Yr | ||
| Telangana | 1,500 | >25 Yr | ||
| West Bengal | 1,000 | 06-10 Yr | ||
| West Bengal | 2,000 | 11-15 Yr | ||
| West Bengal | 2,200 | 21-25 Yr | ||
| Karnataka | 2,000 | — | ||
| December 08, 2026 (Tuesday) | 29,710 | Assam | 1,000 | 11-15 Yr |
| Bihar | 2,000 | 16-20 Yr | ||
| Bihar | 2,000 | 21-25 Yr | ||
| Chhattisgarh | 1,000 | 06-10 Yr | ||
| Chhattisgarh | 800 | 16-20 Yr | ||
| Haryana | 500 | 02-05 Yr | ||
| Haryana | 2,000 | 11-15 Yr | ||
| Haryana | 2,000 | 21-25 Yr | ||
| Jammu and Kashmir | 1,000 | 21-25 Yr | ||
| Keralam | 1,000 | 06-10 Yr | ||
| Mizoram | 110 | 11-15 Yr | ||
| Nagaland | 600 | 16-20 Yr | ||
| Odisha | 500 | 06-10 Yr | ||
| Odisha | 1,000 | 16-20 Yr | ||
| Uttar Pradesh | 1,500 | 11-15 Yr | ||
| Uttar Pradesh | 2,000 | 16-20 Yr | ||
| Uttarakhand | 600 | 11-15 Yr | ||
| Uttarakhand | 600 | 16-20 Yr | ||
| Uttarakhand | 500 | >25 Yr | ||
| Karnataka | 2,000 | — | ||
| Tamil Nadu | 7,000 | — | ||
| December 15, 2026 (Tuesday) | 28,100 | Andhra Pradesh | 1,000 | 11-15 Yr |
| Goa | 200 | 11-15 Yr | ||
| Madhya Pradesh | 1,000 | 02-05 Yr | ||
| Madhya Pradesh | 1,300 | 11-15 Yr | ||
| Maharashtra | 1,500 | 06-10 Yr | ||
| Maharashtra | 2,000 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,500 | >25 Yr | ||
| Manipur | 300 | 11-15 Yr | ||
| Meghalaya | 400 | 16-20 Yr | ||
| Punjab | 500 | 06-10 Yr | ||
| Punjab | 1,000 | 16-20 Yr | ||
| Rajasthan | 1,000 | 06-10 Yr | ||
| Rajasthan | 1,000 | 16-20 Yr | ||
| Rajasthan | 1,000 | >25 Yr | ||
| Telangana | 500 | 11-15 Yr | ||
| Telangana | 1,000 | 21-25 Yr | ||
| Tripura | 500 | 16-20 Yr | ||
| West Bengal | 1,000 | 02-05 Yr | ||
| West Bengal | 2,200 | 16-20 Yr | ||
| West Bengal | 2,200 | >25 Yr | ||
| Gujarat | 2,000 | — | ||
| Karnataka | 2,000 | — | ||
| December 22, 2026 (Tuesday) | 33,300 | Assam | 800 | 06-10 Yr |
| Assam | 700 | 16-20 Yr | ||
| Bihar | 1,000 | 06-10 Yr | ||
| Bihar | 1,300 | 11-15 Yr | ||
| Chhattisgarh | 1,000 | 11-15 Yr | ||
| Chhattisgarh | 800 | 21-25 Yr | ||
| Haryana | 1,000 | 06-10 Yr | ||
| Haryana | 2,000 | 16-20 Yr | ||
| Haryana | 2,000 | >25 Yr | ||
| Jammu and Kashmir | 600 | 16-20 Yr | ||
| Jammu and Kashmir | 500 | >25 Yr | ||
| Jharkhand | 700 | 11-15 Yr | ||
| Jharkhand | 1,000 | 16-20 Yr | ||
| Keralam | 1,000 | 11-15 Yr | ||
| Odisha | 500 | 06-10 Yr | ||
| Odisha | 500 | 16-20 Yr | ||
| Sikkim | 200 | 11-15 Yr | ||
| Uttar Pradesh | 500 | 06-10 Yr | ||
| Uttar Pradesh | 1,000 | 16-20 Yr | ||
| Uttar Pradesh | 2,000 | 21-25 Yr | ||
| Uttarakhand | 600 | 11-15 Yr | ||
| Uttarakhand | 600 | 21-25 Yr | ||
| Gujarat | 2,000 | — | ||
| Karnataka | 2,000 | — | ||
| Tamil Nadu | 9,000 | — | ||
| December 29, 2026 (Tuesday) | 23,000 | Delhi | 500 | 06-10 Yr |
| Delhi | 1,000 | 11-15 Yr | ||
| Goa | 100 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 06-10 Yr | ||
| Madhya Pradesh | 1,000 | 16-20 Yr | ||
| Madhya Pradesh | 1,000 | >25 Yr | ||
| Maharashtra | 1,500 | 02-05 Yr | ||
| Maharashtra | 1,500 | 11-15 Yr | ||
| Maharashtra | 2,000 | 16-20 Yr | ||
| Maharashtra | 2,200 | 21-25 Yr | ||
| Punjab | 500 | 02-05 Yr | ||
| Punjab | 1,500 | 11-15 Yr | ||
| Rajasthan | 1,000 | 11-15 Yr | ||
| Rajasthan | 1,000 | 21-25 Yr | ||
| West Bengal | 1,000 | 06-10 Yr | ||
| West Bengal | 2,000 | 11-15 Yr | ||
| West Bengal | 2,200 | 21-25 Yr | ||
| Karnataka | 2,000 | — | ||
| Total | 3,60,820 | 3,60,820 |
Note: States where maturity bucket is specified are part of the RBI’s Benchmark Issuance Strategy (BIS) pilot for FY27 (Andhra Pradesh, Bihar, Chhattisgarh, Delhi, Himachal Pradesh, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Punjab, Rajasthan, Sikkim, Telangana, Uttar Pradesh, Uttarakhand, West Bengal). 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.