The Notification of Department of Finance of No. 1906/03559/B-4/4/2018 , Dated 22-03-2018.

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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Naya Raipur

Naya Raipur, the 22nd March 2018

NOTIFICATION

No. 1906/0355918-41412018.

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Government of Chhattisgarh hereby notifies the sale of Chhauisgarh Government Stock (Securities) of l0- year tenure for an ag$egate 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 terrns and conditions specified in the General Notification No. 450/I-ll2lB-4l4lA7 dated July 20,2007 of Government of Chhattisgarh.

Object of the Loan

l. (D The Loan is required for Financing Development Schemes.

(iD Consent of Central Governmerit 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 Notifieation 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 Government Stock up to l}o/oof the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of l% 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 Notification (Annexure-Ii). 257

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-40000 i on Mareh 26,2018. Bids for the auction should besubmitted inelectronicformat,ontheReserve Bank of India Core Banking Solution (E-Kuber) system as stated below on March 26, 2A18.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 A.M" and tr2:00 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 l1:30 A.M.

Result of the Auction

5. The result of the action shali be displayed by the Reserve Bank of India on its website on the same day. The palment by successful bidders will be on March 27,2018.

Method of Payment

6" Successful bidders will make payrnentonMarch 27,2018 before close of banking hours by means of cash, bankers chequelpay order, demand draft payable at Reserve Bank of India, MumbaiA{agpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)A{agpur.

Tenure

⁷ . The Stock will be of l0-year tenure. The tenure of the Stock will commence on March 27,2018.

Date of Repayment

8. The ioan will be repaid at par on March 27,2028.

Rate of Interest

9. The eut-offyield determined at the auction will be the coupon rate percent per anmrm on the stock sold at the auction. The interest will be paid on September 27 andMarch2T.

Eligibility of Securities

10. The investment in Government Stock will be reckoned as an eligible investment in Govemment Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of theBanking 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.