The Notification of Department of Finance of No. 1815/03559/B-4/4/2018, Dated 16-03-2018.

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FINANCE DEPARTMENT

Mantralaya, Mahaxadi Bhawan, Naya Raipur

Naya Raipur, the 16th March 2018

NOTIFICATION

No. 1815/0355918-41412018.

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 10- year tenure for an aggregate amount of Rs. 500 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. 450/L-ll2lB-4l4lA7 dated July 20, 2001 of Governrnent of Chhattisgarh.

Object of the Loan

1. (i) The Loan is required for Financing Development Schemes.

(ii) Consent of Centrai Government has been obtained to the floatation of this Loan as required by Article 293 (3) of the 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 themanneras prescribed in paragraph6.l of the General Notification No.450/L-1l2lB-414107 dated July 20,2007 at acouponratetobedeterminedbytheReserveBankof india at the yield based auction under multiple price formats.

Allotment to Non-competitive Bidders3. The Govemment Stock up to l0% of the notified amount ofthe sale will be allotted to eligible individuais and institutions subject to a maximum limit of 1% 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)" 199

200 e"#$rd rrqrd, ft Place and Date of Auction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on March 20,2018. Bids for the auction should besubmitted inelectronicformat,ontheReserve Bank of India Core Banking Solution (E-Kuber) system as stated below on March 20, 2018.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30 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 between l0:30 A.M. and tr l:30 A.M.

Result of the Auction

5. The result of the 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 March 21,2018.

Method of Payment

6. Successful bidders will make pa)rynentonMarch 21,2018 before close of banking hours by means of cash, bankers chequeipay 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)Nagpur.

Tenure

⁷ " The Stock will be of l⁰-year tenure" The tenure of the Stock will commence on March ²¹,²⁰¹⁸.

Date of Repayment

8. The loan will be repaid at par on March 21,2028.

Rate of Interest

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 September 21 and March 21.

Eligibility of Securities

10. The investment in Govemment 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 qualif, for the ready forward facility.

By order and in the name of the Govemor of Chhattisgarh,

AMITABH JAIN, Principal Secretary.

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