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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur

Atal Nagar, the 28th February 20 l9

NOTIFICATION

No.lg70/035 5glB-4l4l2olg. -

Government of chhattisgarh hereby notifies the sale of chhattisgarh

Govemment Stock (Securities) of 03- year tenure for an aggregate amount of Rs. 750 crore (Nominal)' The sale will be

subject to the terms and coniitiors spelt out in this notifiruiion (called specific notification) as also the terms and

conditionsspecifiedintheGeneralNotificationNo.45oll--ll2lB-4l4lo7dated'Jtt\y20,2007

ofGovemmentofchhattisgarh'

Object ofthe toan

1.(i)TheLoanisrequiredforFinancingDevelopmentSchemes"

(il)

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 India, Mumbai office (PDo) Fort,

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

No. 450/L-ll 2lB-4i4loi 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 formats'

Allotment to Non-competitive Bidders

3.TheGovemmentStockuptol0%ofthenotifiedamountofthcsa}e

institutions subject to a maximum limit of I % ofthe notified amoLlnt

forNon-competitiveBiddingFacilityintheAuctionsofState

Notifi cation (Annexure-l I).

rvill be allottecl to eligible individuals and

lor a single bid as per the Revised Scheme

Govenrment Securities of the General

149

150

sffierrd{rqq{, ftqis s{rd 20l9

Place and Date of Auction

4"

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

March05,201g. 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 March 05, 2019.

(a)

The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking

Solution (E-Kuber) systembetween 10:30A'M' and l2:00 P'M'

(b)

Thenon-competitivebids shall be submitted electronically on the Reserve Bank of India Core

BankingSolution(E.Kuber)systembetweenl0:30A.M.and11:30A.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 March 06, 2019 '

Method of PaYment

6.

Successful bidders will make payment on March06,2}1g. before close of banking hours by means

of cash, bankers cheque/pay ordeq 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 will be of 3-year tenure. The tenure of the Stock will commence March 06, 201 9.

Date of RePaYment

8.

The loan will be repaid at par on March 06, 2022'

Rate of Interest

g.

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 September 06 and March 06'

Eligibility of Securities

10"

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 qualify 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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