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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Nawa RaipurAtal Nagar

Atal Nagar, the 2nd December2}l9

NOTIFICATION

No.l38l/F-2019-04-0484918-4/4. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

Govemment Stock ^(Securities) of 08- year tenure for an aggregate amount of Rs. 2000 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}

conditionsspecifiedintheGeneralNotificationNo.469/F-04-04849/0418-4l2019datedJuly05,2019 ofGovemmentof

Chhattisgarh.

ObjectoftheLoan

t.

(r)

The Loan is required for Financing Development Schemes.

(il)

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

Article 293 (3) of the 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 manner as prescribed in paragraph 6.1 of the General Notification

No. 469lF-04 -A4849104/B'412019 dated,luly 05, 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 Government Stock up to llYo 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-Il).

I 653

1654

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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-400001 ^on

DecemberO3,2019. 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 December ⁰³ , 2019.

(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 l2:00 P.M.

(b)

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

Banking Solution (E-Kuber) system between 10:30A.M. and I l:30A.M.

Result of the Auction

j

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 December 04, 2019.

Method of Payment

6.

Successful bidders will make payment on December 04,2019. 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)Nagpur.}

Tenure

7.

The Stock will be of 8-year tenure. The tenure of the Stock will commence December 04 , 2019 ^.

Date of Repayment

8.

The loan will be repaid at par on December 04, 2027 .

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 June 04 and December 04.

Eligibility of Securities

10.

The investment in Government Stock will be reckoned as an eligible investment in Government ^{Securities by}

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

1949" The stocks will quali$ forthe ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.

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