Chhattisgarh Gazette, 2017-01-28, EO Gazette 25, Notice 1591/02772/B-4/4/2017

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by  Government of Chhattisgarh

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FINANCE DEPARIMENT
Mantralaya, Mahanadi Bhawan, Naya Raipur
Naya Raipur, the 20th lanuary 2017
NOTIFICATION
No. l59l/0277218-41412017. Government of Chhattisgarh hereby notifies the sale of Chhattisgarh
-
Gonernrnent Stock (Securities) of I 0- year tenure for an aggregate amount oflRsTZOO crore (Nominal). The sale wil I be
subject to the terms and conditions spelt out in this notification (called specific notification) as also the terms and
conditionsspecifiedintheGeneralNotificationNo.450ll--lDlB-414107 datedJuly20,200TofGovemmentofChhattisgarh.
Object ofthe Loan
1. (D
The Loan is required for Financing Development Schemes.
(ii) Consent of Central Government has been obtained to the floatation of this Loan as required by
Article 293 (3) ofthe Constitution of India.
Method ofissue
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO) Fort, Mumbai-
400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 4501L-l/2/
B-414/07 dated July 20,2007 at acouponratetobedeterminedbytheReserveBankof India at the yield
based auction under multiple price formats.
Allotment to Non-competitive Bidders
3" The Government Stock up to l0% of the notified amount of the sale will be allotted to eligible individuals and
institutions subject to a maximum limit of I o/o of the notified amount for a single bid as per the Revised Scheme
for Non-competitive Bidding Facility in the Auctions of State Government Securities of the General
Notifi cation (Annexure-Il).
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Place and Date ofAuction
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on
lanuary 24,2017. Bids for the auction should besubmitted in electronic format, on the Reserve Bank of
tndia Core Banking Solution (E-Kuber) system as stated below on Jantary 24.2017.
(a) The competitive bids shall be submitted electronically on the Reserve Bank oflndia Core Banking
Solution (E-Kuber) system between l0:30 A-M. and l2:00 PM.
(b) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core
Banking Solution (E-Kuber) system between 10:30 A.M. and I 1 :30 A.M.
Result of theAuction
5. The result ofthe action shall be displayed by the Reserve Bank of India on its website on the same day. The
payment by successful bidders will be on lanLrary 25.2011.
Method of Payment
6. Successful bidders will make payment on January 25,2017 before close of banking hours by means of
cash. bankers cheque/pay order, demand draft payable at Reserve Bank oflndia, MumbaiNagpur or a cheque
drawn on their account with Reserve Bank oflndia, Mumbai (Fort),4\agpur.
Tenu re
7. The Stock will be of | 0-year tenure. The tenure ofthe Stock r'vill commenc e on lanuary 25,2017 .
Date ofRepayment
8. The loan will be repaid at par on Jan\tary 25,2021 .
Rate oflnterest
9. The cut-offyield detennined 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 25 and January 25.
Eligibility of Securities
10. The investment in Govemment Stock will be reckoned as an eligible investment in Covernment Securities by
banks for the purpose ofstatutoD, Liquidity Ratio (SLR) under Section l4 of theBanking Regulation Act.
1949. The stocks will qualif,, forthe ready forward facility.
By order and in the name ofthe Covemor ofChhattisgarh,
AMITABH JAIN, Principal Secretary.
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