The Notification of Department of Finance of No. 1098/03559/B-4/4/2018, Dated 26-10-2018.

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FIN,{NCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur

Atal Nagar, the 26th October 2018

NOTIFICATION

No.l098/0355918-41412018.

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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Governme,nt Stock (Securities) of 03- 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. 4501L-ll2lB-41410'7 datedluly20,2007 of Govemment of Chhattisgarh.

Object of the Loan

{{^{{FOOTNOTE (1)}}}}

t. The Loan is required for Financing Development Schemes.

(i,

Consent of Central Government has been obtained to the floatation of this Loan as required by Article 293 (3) of the Constitution of India.

Method of issue

Government Stock will be sold through the Reserve Bank of lndia, Mumbai Office (PDO) For1, Mumbai-40000 1 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 450/L-1l2lB-414101 dated July 20,2001 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price fomats"

Allotment to Non-competitive BiddersThe Government Stock up to l0oZ of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maxinrunr limit ol 1% oFthe notified amoLrnt lor a single bid as per the Revised Scherne for Non-competitive Bidding Facility in the Auctions of State Governnrent Securities ol the General N otification (Annexure-l I ). 873

Mumbai-400001on

the Reserve Bank i

'.--= .-,.,--:rj.- Octo-te=;-³⁰,²⁰¹⁸. Bids for the auction should be-lu!-[-litte[i! eleclr_qflc format, on === : .-- of Inura* Core Banking Solution (E-Kuber.l systern as's-tated beioW on October 30, 20 18. - ' -' - -- (u) : The competitive bids shall be submitted e'tmtronieaijron the-Reserve Bank of India Core Banking i

r Solution (E-Kuber) system between 10:i0 A.M. and l?:00 P"M.: - ii : Ol Thenon-competitivebids shall be submitted electrohically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 A.M. and l 1 :30 A.M.

Result of theAuction

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 October 3 1, 2018.

Method of Payment

Successful bidders will make payment on October 31,2018 before close of banking hours by means of cash, bankers cheque/pay order, demand draft payabie at Reserve Bank of India, Mumbai/Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort),Nagpur.

Tenure

1. The Stock will be of ³-year tenure. The tenure of the Stock will commence on October 3 I , 2018.

Dateof Repayment

8. The loan willbe repaid at par on October 31, 2021.

Rate of Intergst

The cut-off yield determined at the auetion will be the coupon rate percent per annum on the stock sold at the auction. The interest will be paid on April 30 and October 31"

Eligibility of Securities

t0.

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 qualifl, for the ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.