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FINANCE DEPARIMENT

Maatralaya, Mahanadi Bhawan, Nava Raipur Atal Nagar

Atal Nagar, the 4th J anuary 2020

NOTIFICATION

No.l588/F-2019-04-0484918-414. -

Government of Chhattisgarh hereby notifies the sale of Chhattisgarh

Government Stock (Securities) of l0- year tenure for an aggregate amount of Rs. 1000 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 GeneralNotificationNo.46glF-04-0484910418-412019 dated July 05,2019 ofGovernmentof

Chhattisgarh.

ObjectoftheLoan

l.

(r)

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 of India.

Method of issue

2.

Govemment Stock will be sold through the Reserve Bank of India, Munbai Offrce (PDO) Fort,

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

No. 469lF-04'0484910418-412019 dated July 05,2019 at a couponrate to be determinedbythe ReserveBank

of India at the yield based auction under multiple price formats.

Allotment to Non-competitive Bidders

3.

The Government Stock up to l}o/oofthe 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 Government Securities of the General

Notifi cation (Annexure-Il).

77

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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

January 07, 2020. Bids for the auction should be submitted in electronic format, on the Reserve Bank

of lndia Core Banking Solution (E-Kuber) system as stated below on January 07 , 2020.

(a)

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

Solution (E-Kuber) systembetween l0:30A.M. and 12:00 P.M.

O)

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

Banking Solution @-Kuber) system between 10:30 A.M. and I 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 January 08, 2020.

Methodof Payment

6.

Successful bidders will make payment on January08,2020. 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{agpur.

Tenure

7.

The Stock will be of l0-yeartenure. The tenure ofthe Stock will commence Januxy 08, 2020.

Date of Repayment

8.

The loan will be repaid at par on January 08, 2030.

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 pald July 08 and January 08.

Eligibility of Securities

10.

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

banks foi 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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