The Notification of Department of Finance of No. 1916/03559/B-4/4/2018, Dated 8-03-2019

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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur

Atal Nagaq the 8th March 2019

NOTIFICAIION

No.1916/0355918-41412018.

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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 03- year tenure for an aggregate amount of Rs. 750 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 conditions specified in the GeneralNotificationNo.450lL-1l2lB-414107 dated July 20, 2007 of Govemment of Chhattisgarh.

Object ofthe Loan

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

Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO) Fort, Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.450/L-1l2lB-4/4107 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 Bidders3. The Government Stock up to l0olo of the notified amount of the sale wilt be allotted to eligible individuals and institutions subject to a maximum limit of I % 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-lI) 177

Place and Date of Auction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-40000 I on March 12, 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 March 12, 2019.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system befween l0:30A.M. and 12:00 P.M.

(b) Thenon-competitivebids 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 the Auction

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 13, 2019 .

Method of Payment

6. Successful bidders will make payment on March 13,2019. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai,t,tragpur 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 13, 2019.

Date of Repayment

8. The loan will be repaid at par on March 13, 2022.

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 September 1 3 and March 1 3.

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 qualiSi for the ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.