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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur

Atal Nagar, the I stNovember 2018

NOTIFICATION

No.1 l3 9/03559/8- 41412018. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

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.

Object oflhe Loan

t.

(i)

The Loan is required for Financing Development Schemes.

Consent of Central Covernment has been obtained to the floatation of this Loan as required by

Afticle 293 (3) ofthe Constitution oflndia.

(iD

Method of issue

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.

Allotmen t to Non-compet il il e Bidders

The Governmcnt Stocli up to l0% olthe notified arnount oithe sale w ill be allotted to eligible individuals and

irlstitutionssubiecttoarrarinrunrlinritoflo,uofthenotifiedarrountlirIrisinglcbidaspelthcRevisedSchenre

lb| Non-corrpetitivc Biclcling Facilit) in the Auctions of Stale lio\,crnnient Securities of the General

Nolificat \'I ( \Ir e\ r,re- ll).

il+e'B {r$rd, fr<io rz ^qqqt zors

Novembe45;.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.

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.

(b)

of India Core

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