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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Atal Nagaq Raipur

Atal Nagar, the 22nd February 2019

NOTIFICATION

No.l8121035 59lB-41412018. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

Government Stock (Securities) of 06- year tenure for an aggregate amount of Rs. 1000 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

conditionsspecifiedintheGeneralNorificationNo.45otl--1l2lB-414107 datedJuly20,2007 ofGovemmentofChhattisgarh.

Object of the Loan

l"

(D

The Loan is required for Financing Development Schemes.

(iD

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

Afticle 293 (3) ofthe constitution of India.

Method of issue

2.

Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO) Fott,

Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification

No. 450/L-1l2lB-4l4lO'7 dated July 20,2OO1 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

3.

The Government Stock up to 10% of the notified amount of the sale rvill be allbtted 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-l I).

142

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Place and Date of Auction

4.

The auction will be conducted by the Reserve Bank of India, at its Mumbai Offrce, Fort, Mumbai-400001 on

February26,2019. Bids for the auction should be submitted in electronic format, on the Reserve Bank

of lndia Core Banking Solution (E-Kuber) system as stated below on February 26, 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 l2:00 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 1 I :30 A.M.

Result oftheAuction

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 February 21 , 2019.

Method of Payment

6.

Successful bidders will make payment on February27,20l9. 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),Nagpur.

Tenure

7.

The Stock willbe of 6-year tenure. The tenure ofthe Stock will commence February 27 , 2019.

Date of Repayment

8.

The loan will be repaid at par on February 27 , 2025.

Rate of Interest

9.

The cut-offyield determined at the auction will be the coupon rate percent per annum on the stock sold at the

auction. The interest will be paid August 27 andFebruary 27 .

Eligibility of Securities

10.

The investment in Govemment 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 qualifo for the ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.

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