Servants of Knowledge
Chattisgarh Gazette - Extraordinary · Government of Chattisgarh

The Notification of Department of Finance of No. 1970/03559/B-4/4/2018, Dated 15-03-2019

Published 19 March 2019

Department
वित्त विभाग
Type
Extraordinary
Gazette no.
105
Notification no.
No. 1970/03559/B-4/4/2018
Identifier
in.gazette.chhattisgarh.eo.2019-03-19.105
Languages
English, Hindi

click here for IIIF manifest

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FINANCE DEPARIMENT

Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur

Atal Nagar, the I 5th March 2019

NOTIFICATION

No.l97010355918-41412018. - Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 05- 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 notification) as also the terms and conditions specified inthe General Notification No. 1926103559/0418-414ll7 dated March 1 1,2019 of Government of Chhattisgarh.

Object of the Loan

1. O The Loan is required for Financing Development Schemes.

(ir) Consent of Central Covernment has been obtained to the floatation of this Loan as required by Article 293 (3) ofthe Constitution of lndia.

Method of issue

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Place and Date of Auction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Foft, Mumbai-400001 on March 19, 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 19, 2019.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 A.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 l0:30A.M. and I 1:30A.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 20, 2019.

Method of Payment

6. Successful bidders will make payment on March 20,2019. 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)Nagpur.

Tenure

7. The Stock will be of 5-year tenure. The tenure ofthe Stock will commence March 20, 2019.

Date of Repayment

8. The loan will be repaid at par on March2}, 2024.

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 20 and March 20.

f,ligibility 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 qualify for the ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.

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Atal Nagar, the 15th March 2019

NOTIT'ICAIION

No.l97ll0355918-41412018.

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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 07- year tenure for an aggregate amount of Rs. 700 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 GeneralNotification No. 19261035591041B.414ll7 dated March 1 1,2019 of Government of Chhattisgarh.

Object ofthe Loan

I (r) The Loan is required for Financing Development Schemes.

(iD 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) Foft, Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.19261035 59l04lB-414117 dated March I 1,2019 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 Covemment Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of the notified amount for a single bid as per the Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Govemment Securities of the General Notifi cation (Annexure-Il).

Place and Date of Auction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on March 19, 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 19, 20 19.

(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) Thenon-competitivebids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 A.M. and 1 I :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 March 20, 2019.

Method of Payment

6. Successful bidders will make payment on March20,2019. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai,4..lagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)/Nagpur.

Tenure

1. TheStockwill beof 7-yeartenure.ThetenureoftheStockwill commenceMarch20,2019.

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Date of Repayment

8. The loan willbe repaid at par on March 20, 2026.

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 20 and March 20.

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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Cite this issue. Chattisgarh Gazette - Extraordinary, Government of Chattisgarh, 19 March 2019. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.chhattisgarh.eo.2019-03-19.105/. Archive identifier in.gazette.chhattisgarh.eo.2019-03-19.105.