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FINANCE DEPARTMENT
Mantralaya, Mahanadi Bhawan, Atal Nagar, Raipur
Atal Nagar, the 20th March 2019
NOTIFICATION
No.200l/0355918-4/412018.
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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. 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 General Notification No. 19261035 59l04lB-414117 dated March 1 1,2019 of Govemment of Chhattisgarh.
Obiect ofthe Loan
The Loan is required for Financing Development Schemes.
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(ii)
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) Forr, Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 19261035591041B-414llTdatedMarch 11,2019 atacouponratetobedetermined bytheReserveBankof India at the yield based auction under multiple price formats.
Allotment to Non-competitive Bidders
The Government 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 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-I I).
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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, Fort, Mumbai-40000 I on March26,20l9. 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 March26, 2019.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30A.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 l0:30 A.M. and 1 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 March 21 , 2019.
Method of Payment
6. Successful bidders will make payment on March27,2019. 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
Rate of [nterest
Eligibility of Securities
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Atal Nagar, the 20th March 2019
NOTIFICATION
No.2002/0355918-41412018.
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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 in the General Notification No. 19261035 59l04lB-4l4ll7 dated March 1 1,2019 of Government of Chhattisgarh.
Object ofthe Loan
1. (D 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) Fort, Mumbai-40000 I by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.192610355910418-414l17datedMarch1l,2019 atacouponratetobedetermined bytheReserveBankof India at the yield based auction under multiple price formats.
Allotment to Non-competitive Bidders
3. The Government 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 1o/o 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-II).
Place and Date of Auction
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-40000 1 on March 26, 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 March26, 2019.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30A.M. and l2:00 P.M.
(b) The non-competitive bids shall be submitted electronically on the R.eserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 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 March 21 , 2019.
Method of Payment
6. Successful bidders will make payment on March2l ,2019. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of lndia, Mumbai,t{agpur or a cheque dralvn on their account with Reserve Bank of India, Mumbai (Fort)Nagpur.
Ten u re
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Date of Repayment
8. The loan will be repaid at par onMarch27, 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 27 andMarch2T .
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 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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