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21, {tin 1939

FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Naya Raipur

Naya Raipur, the I st March 201 8

NOTIFICATION

No"176410355918-41412018. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

Government Stock (Securities) of 10- year tenure for an aggregate amount of Rs. 750 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 GeneralNotificationNo. 450[--1l2lB-414107 datedJuly 20,2007 ofGovemment of Chhattisgarh.

ObjectoftheLoan

l.

(r)

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

Afticle 293 (3) ofthe Constitution of India.

Method of issue

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.450/L-ll2lB-4l4l0l 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 10% of the notified amount of the sale will be allotted to eligible individuals and

institutions subject to a maximum limit of lYo 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).

187

188

Bffi{Fra{sTtFI, frTis ^{1 2 qrd 20 I 8}

Place and Date ofAuction

4.

The auction will be conducted by the Reserve ^Bank of ^{India, at its Mumbai Office, Fort, Mumbai-400001 on}

March 6, 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 March 6, 2018.}

(a)

The competitive bids shall be submitted ^{electronically on the Reserve Bank of India Core Banking}

Solution (E-Kuber) system between ^{10:30A.M. and l2:00 P.M.}

(b)

The non-competitive bids shall be submitted ^{electronically on the Reserve Bank of India Core}

Banking Solution ^(E-Kuber) systembetween ^{l0:30A.M. and l1:30A.M.}

Result oftheAuction

5.

The result of the action shall be displayed by the ^{Reserve Bank of India on its website on the same day. The}

pay'ment by successful bidders will be on March 7 , 2018.

Method of Payment

6.

Successful bidders will make payrnent on ^{March 7, 2078 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 account with Reserve ^{Bank of India, Mumbai (Fort),AJagpur.}

Tenure

7.

The Stock will be of 10-year tenure. The tenure of ^{the Stock will commence on March 7} , ^2018.

DateofRepayment

8.

The loan will be repaid at par on March7 , 2028.

Rate oflnterest

g.

The cut-off yield 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 September ^{7 andMarch7.}

Eligibility of Securities

10.

The investment in Government Stock will be reckoned ^{as an eligible investment in Government Securities by}

banks for the purpose of Statutory 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 of the Governor of Chhattisgarh,

AMITABH JAIN, PrinciPal Secretary.

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