Chhattisgarh Gazette, 2018-01-30, EO Gazette 34, Notice No. 1506/03559/B-4/4/2018

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by  Government of Chhattisgarh

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FINANCE DEPARTMENT
Mantralaya, Mahanadi Bhawan, Naya Raipur
l.Iaya Raipur, the 25th January 20 I 8
NOTIFICATION
No. 1506/03559/8 -41412018. Government of Chhattisgarh hereby notifies the sale of Chhattisgarh
-
Govemment Stock (Securities) of I 0- year tenure for an aggregate amount ofRs. 1 I 00 crore (Nominal). The sale will be
subject to the terms and conditions spelt out in this notification (called specific notification) as also the terms and
conditions specified in the General Notifrcation No. 450/L-l/2lB-414/07 dated luly 2O, 2007 of Govemment of
Chhattisgaxh.
Object ofthe Loan
l. (i)
The Loan is required for Financing Development Schemes.
(ii)
Consent ofcentral Government has been obtained to the floatation of this Loan as required by
Article 293 (3) ofthe Constitution oflndia.
Method of issue
2. Govemment Stock will be sold through the Reserve Bank of India" Mumbai Office (PDO) Foft,
Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification
No.450fi--1/2/B-414l07 dated Iuly 20,2007 at a coupon rate to be determined by the Reserve Bank of India
at the yield based auction under multiple price formats.
Allotment to Non-competitive Bidders
.
3 The Govemment Stock up to I 0% ofthe notified amount ofthe sale will be allotted to eligible individuals and
institutions subject to a maximurn limit of loZ ofthe notified amount for a single bid as per the Revised Scheme
for Non-competitive Bidding Facility in the Auctions of State Govemment Securities of the General
Notifi cation (Annexue-Il).
67
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Place snd Date ofAuction
4.
The auction will be conducted by the Reserve Bank of Indi4 at its Mumbai Office, Fort, Mumbai-400001 on
January 30, 2018. Bids for the auction should be submitted in electronic format, on the Reserve Bank
of India Core Banking Solution (E-Kuber) system as stated below on January 30, 2018.
(a)
The competitive bids shall be submitted electronically on the Reserve Bank oflndia Core Banking
Solution (E-Kuber) system between 10:30 A.M. and 12:00 P.M.
O) The non-competitive bids shall be submitted elechonically on tlle Reserve Bank of India Core
Banking Solution (E-Kuber) system between 10:30 A.M. and 1l:30 A.M.
Result ofthe Auction
5. The result ofthe action shall be displayed by the Reserve Bank of India on its website on the same day. The
payment by successfrrl bidders will be on January 31,2018.
M€thod of Payment
6. Successfirl bidders will make payment on January 31, 2018 before close of banl<ing hours by means
of cash, banlrcrs cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai.Nagpur or a
cheque drawn on their account with Reserve Balk of India, Mumbai (Fort)Nagpur.
Tenure
7.
The Stock will be of l0-year tenure. The tenure ofthe Stock wlll commence on January 31, 2018.
Date of Repayment
8.
The loan willbe repaid at par on January 31,2028.
Rate oflnterest
9.
The cut-offyield determined at the auction will be the coupon rate percent per annum on the stock sold at the
auction. The interest will be paid on July 3 I and January 3 l.
Eligibility of Securities
10.
The investment in Govemment Stock will be reckoned as an eligible investment in Govemment Securities by
banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act,
1949. The stocks will qualifr for the ready forward facility.
By order and in the name of the Governor of Chhattisgarh,
AMITABH JAIN, Principal Secretary.
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