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FINANCE DEPARTMENT

Mantralaya, Mahanadi ^{Bhawan, Nava RaipurAtal Nagar}

Atal Nagar, the 24th January ²⁰²⁰

NOTIFICATION

No.l675lF-2Otg-04-O484glB-414. -

Goverrunent of Chhattisgarh hereby ^{notifies the sale of Chhattisgarh}

Government Stock ^{(Securities) of 10- 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}

conditionsspecifiedintheGeneralNotificationNo.46glE-04-O4849l}4lB-4l20l9datedJuly05,2019ofGovernmentof

Chhauisgarh.

ObjectoftheLoan

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}

Article 293 ⁽³⁾ ofthe Constitution ^{of India.}

Method of issue

Z.

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-O484gl}4lB4l20l9 ^{dated July 05,2019 at acouponratetobedeterminedbytheReserveBank}

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

Allotment to Non-competitive ^Bidders

3.

The Government 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 Government Securities of the General}

Notifi cation ^{(Annexure-Il).}

135

136

Rifu ^(ltnTd, fu-s 3t ^tslir.rfi 2020

Place and Date of Auction

4.

The auction will be conducted by the ^{Reserve Bank of India, at its Mumbai Office, Fort, Mumbai40000l on}

January28,2020. Bids for the ^{auction should be submitted in elechonic f,ormat, on the Reserve Bank}

of India Core Banking Solution ^{(E-Kuber) system as stated below on January 28, 2020.}

(a)

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

Solution @-Kuber) system ^{between I 0 : 3 0 A.M. and 1 2 :00 P.M.}

(b)

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

Banking Solution ^{(E-Kuber) systembetween l0:30A.M. and I l:30A.M.}

Resutt 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 onJantary ^{29, 2020.}

Methodof Palment

6.

Successful bidders will make ^{payment on January29,2020. 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)A.lagpur.}

Tenure

7 .

The Stock will be of I 0-year tenure. ^{The tenure of the Stock will commence January 29} , ^2020.

Date of Repayment

8.

The loan will be repaid at ^par on ^{January 29, 2030 .}

Rate of Interest

g.

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 July 29 and Janutry 29.}

Eligibility of Securities

10.

The investment in Government ^{Stock will be reckoned as an eligible investnent 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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