Chhattisgarh Gazette, 2018-01-01, EO Gazette 2, Notice No. 1309/03559/B-4/4/2017

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by  Government of Chhattisgarh

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FINANCE DEPARTMEN'I
Manfalay4 Mahanadi Bhawan, Naya Raipur
Naya Raipur, the 29th December 2017
NOTIFICATION
No. 1309/03559/B -41412017. Government of Chhattisgarh heleby notifies the sale of Chhattisgarh
-
Govemment Stock (Securities) of l 0- year tenure for an aggregate arnount ofRs. 1 000 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 Notification No- 4501L-U2|B-414107 dated l]uly 20,2007 of Govemment of
Chhattisgarh.
Object ofthe Loan
1. (i)
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 oflndia.
Method of issue
2. Governrnent Stock will be sold through the Reserve Banl of India, Mumbai Office (PDO) Fort,
Mumbai-400001 by auction in the mamer as presffibed in paragraph 6.1 of the General Notification
No.450lL-l/2/B-4/4107 dated luly 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 l0olo ofthe notified amount ofthe sale will be allotted to eligible individuals and
institutions subject to a maximum limit of I % ofthe notified amount for a single bid as per the Revised Scheme
for Non-competitive Bidding Facility in the Auctiirns of State Covernrnent 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 Ofice, Fort, Mumbai-400001 on
January 02,2018. 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 02, 2018.
(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 12:00 P.M.
(b)
The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core
Banking Solution (E-Kuber) system betv/een l0:30 A.M. and I l: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 successful bidders will be on January 03,2018.
Method of Payment
6.
Successful bidders will make payment on January 03, 2018 before close of banking hours by means
of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai,Nagpur or a
cheque drawn on their accormt with Reserve Bank of India, Mumbai (Fort)Nagpur.
Tenure
7.
The Stock will be of l0-year tenure. The tenure ofthe Stock will commence on Januaxy 03,2018.
Date of Repayment
8.
The loan will be repaid at par on January 03, 2028.
Rate of Int€rest
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 03 and January 03.
Eligibility of Securities
10.
The investment in Govemment Stock will be reckoned as an eligible investment in Govemment Securities by
banks for the purpose ofstatutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act,
1949. The stocks will qualify for the ready forward facility.
By order and in the name ofthe Govemor of Chhattisgarh,
AMITABH JAN, Principal Secretary.
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