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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Nawa RaipurAtal Nagar

Atal Nagar, the 23rd August 20 I 9

NOTIFICATION

No.778lF-20 lg-04-0484g/B-414. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

GovernmentStock(Securities)of07-yeartenweforanaggregateamountofRs.1000crore(Nominal).Thesalewillbe

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

conditionsspecifiedintheGeneralNotificationNo.46SE-4-04849/04184/20lgdatedJuly05,2}lgofGovemmentof

Chhattisgarh.

Objectofthe Loan

l.

(D

The Loan is required for Financing Development Schemes.

(ii)

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

Article293 (3) ofthe Constitution oflndia.

Method ofissue

2.

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

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

No. 468/F-4-04849/04/B-4/2019 dated July 05,2019 at a coupon rate to be deterrnined by the Reserve Bank of

India at the yield based auction under multiple price formats.

Allotment to Non-competitive Bidders

3.

The Govemment Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and

institutions subj ect 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

Notification (Annexure-Il).

1081

1082

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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, Mumbai40000l on

August27, 2019. Bids for the auction should be submitted in electronic format, on the Reserve Bank

of India Core Banking Solution (E-Kpber) system as stated below on Augast27, 2019.

(a)

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

Solution @-Kuber) system between 10:30 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 @-Kuber) system between l0:30 A.M. and I 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 August 28, 2019.

Method of Payment

6.

Successful bidders will make payment onAugust28,20l9. before close of banking hours by means

of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, MumbaiA.{agpur or a

cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)A.lagpur.

Tenure

7.

The Stock will be of 7-year tenure. The tenure of the Stock will commence August 28, 20 19.

Date of Repayment

8.

The loanwillbe repaid atparonAugust2S, 2026.

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 February 28 andAugust 28.

Eligibility of Securities

10.

The investrnent in Government Stock will be reckoned as an eligible invesfrnent in Government Securities by

banks forthe purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act,

1949.The stocks will qualiS forthe ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.

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