Sale (re-issue) of 9.40 per cent Government Stock, 2012 to Reserve Bank of India on private placement bas

REGD. NO. D.L.-33004/99 The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 106] NEW DELHI, MONDAY, APRIL 22, 2002/VAISAKHA 2, 1924

1334 GI/2002

(1)2 THE GAZETTE 0F1NDIA EXTRAORDINARY [PART I—SEC 1] 3

MINISTRY OF FINANCE

(Department of Economic Affairs)

(BUDGETlilVISlOW

NOTIFICATION

New Delhi, the 22nd April, 2002

Sale (re-issue) of "9.40 per cent Government Stock, 2012" to Reserve Bank of India on private placement basis

F.No.4(9>W&M/2002.-Government of India hereby notifies sale of the "9.40 per cent Government Stock, 2012" (hereinafter referred to as 'Government Stock'), for an aggregate amount of Rs. 6,000 crore (Nominal) as per the terms and conditions spelt out in this notification (called 'Specific Notification¹) as also the terms and conditions specified in the General Notification F. No.4(2)-W&M/97, dated 1st April, 1997 issued by Government of India as amended by Notification F. No. 4(7)-W&M/99, dated 5th April, 1999.

Eligibility for Investment

2. Only the Reserve Bank of India (hereinafter referred to as 'the Bank') shall be eligible to subscribe to the Government Stock.

Method of Issue

3. (i) The Government Stock will be allotted on private placement basis to the Reserve Bank of India alone.

(ii) The Government Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001.

Issue Price

4. The Government Stock will be issued at a price of Rs. 114.81 for Rs. 100.00 (nominal).

Application

5. The application should be submitted by the Reserve Bank of India at the aforesaid office on April 22,2002.

Date of Issue

6. The date of issue of Government Stock will be April 22,2002.

Payment for the stock

7. The payment for the stock by Reserve Bank of India on April 22, 2002 will include accrued interest on the nominal value of the stock applied for from the date, of last coupon payment i.e. March 11,2002.

Tenure

8. The stock will be of eleven years tenure commencing from September 11,2001.

Interest

9. Interest at the rate of 9.40 per cent per annum will accrue on the nominal value of the stock from the date of last coupon payment and will be paid half yearly on September 11 and March 11.

Date of Repayment

10. The Government Stock will be repaid at par on September 11,2012.

Transferability of Government Stock

11. Notwithstanding what is stated in Paragraph 2 hereinabove, there will be no restriction on the transfer of the Government Stock by the Reserve Bank of India in favour of any other person including banks, corporations or any other body and the transferee of such security would also be entitled to hold and transfer the same in such manner.

By Order of the President of India

D. SWARUP, Addl Secy. (Budget) Printed by the Manager, Govt of India Press, Ring Roid, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, DoUii-110034