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FINANCE DEPARTMENT Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur
Atal Nagar, the I stNovember 2018
Govemmeht 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 notiflcation) as also the tenns and conditions specified in the General Notiflcation No.450/L- l/2/B-4l4/07 dated July 20,2007 ofGovernment ofchhattisgarh.
t. (i) The Loan is required for Financing Development Schemes.
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Government Stock will be sold through the Reserve Bank of India, Murnbai Office (PDO) Fon. Mumbai-400001 by auction in the manner as prescribed in paraglaph 6.1 of the Ceneral Notificatjon No. 450/L- 1/2/8-4/4/07 dated July 20. 2007 at a coupon rate to be determined by the Reserve Bank of India at the yield based auctiorl under multiple price lornrats.
il+e'B {r$rd, frNovembe45;.20lGBids foi=the auction should be submitted in electroni€TormaLarj the Reserve Bank of India eo-e Banffisohrti;nf E-Kuber) system as stated below on Nouembir b5, 20 t8.
(a) The-C@elitive !-i@ihall be submitted electronically on the ResbFe Bank ofllnd ia Core Banking Solution (E-Kuber) system between l0:30A.M. and l2:00 PM.
(b)
of India Core The non-cbmpetitive bids shall be submitted electronically on the Reserve Banking Solution (E-Kuber) system beh,veen l0:30 A.M. and I l:30 A.M.
Result oftheAuction
The result ofthe action shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successfu I bidders will be on November 06, 201 8.
Method of Payment
6. Successful bidders will make payment on November 06, 2018 before close of banking hours by means of cash, bankers cheque/pay ordeq demand draft payable at Reserve Bank ol lndia, Mumbai,Alagpur or a cheque drawn on their account with Reserve Bank oflndia, Mumbai (Fofi).Alagpur.
Tenure
7. The Stock will be of3-year tenure. The tenure ofthe Stock will commence on N ovember 06, 20 I 8.
DateofRepayment
The loan will be repaid at par on November 06, 2021 .
Rate of lntereit
9. The cut-offyield determined at the auction will be the coupon rate percent per annum on the stock sold at the auction. The jnterest will be paid on May 06 and November 06,.
Eligibility of Securities
10. The investment in Govemment Stock will be reckoned as an eiigible investment in Government Securities by banks lorthe purpose ofStatutory 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 ofthe Covernor ofChhattisgarh,
AMITABH JAIN, Additional Chief Secretary.