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FINANCE DEPARTMENT Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur
Atal Nagar, the I 1 th January 2019
NOTIFICATION
No.1552/0355918-41412018.
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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 04- year tenure for an aggregate amount of Rs. 2000 crore (Nominal). The sale will be subject to, the terms ahd conditions spelt out in this notification (called specific notification) as also the terms and conditions specified in the General Notification No. 4 50lL-1l2lB-414l07 dated July 20,2007 of Govemment of Chhattisgarh.
Object of the Loan
(t) The Loan is required for Financing Development Schemes.
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Consent of Central Government has been obtained to the floatation of this Loan as required by Article 293 (3) ofthe Constitution of India.
Method of issue
2. Government Stock will be sold through the Reserve Bank of lndia, Mumbai Office (PDO) Foft, Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 450/L-ll2lB-414107 dated July 20,2007 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats.
Allotment to Non-competitive Bidders
The Govemment Stock up to l0% of 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 Notifi cation (Annexure-Il).
B,"fr€rrd{sTtrl, frqi{ r6s{trff 2or9 Place and Date of Auction4. The auction will be conducted by the Reserve Bank of India. at its Mumbai Office, Fort, Mumbai-400001 on January 15,2019" Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below on January 15, 2019.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30A.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 10:30 A.M. and I 1:30 A"M.
Result of theAuction
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 January 16, 2019.
Method of Payment
6. Successful bidders will make payment on January 16,2019 before close of banking hours by means of cash, bankers cheque/pay 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),,/I.{agpur.
Tenure
7. The Stock will be of 4-year tenure. The tenure of the Stock will commence January 16, 2019.
Date of Repayment
8. The loan will be repaid at par on January 16, 2023.
Rate of Interest
9. The cut-off yield determined at the auction will be the coupon rate percent per annum on the stock sold at the auction. The interest will be paid July l6 and January 16.
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 the Banking Regulation Act, 1949. The stocks will quali$ for the ready forward facility.
By order and in the name of the Governor of Chhattisgarh,
AMITABH JAIN, Additional Chief Secretary.