The Notification of Department of Finance of NO.1895/F-2019-04-04849/B-4/4, Dated 29-02-2020

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FINANCE DEPARIMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar

Atal Nagar, the29thFebruary 2020

NOTIFICANON

No.l895/F-2019'04-04849/B-4/4.

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Government of Chhaffisgarh hereby notifies the sale of Chhattisgarh Govemment 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 General Notification No.⁴⁶⁹/F-⁰⁴-⁰⁴⁸⁴⁹/⁰⁴¹⁸-⁴/²⁰¹⁹ dated July 05,ZOl9 of Govemment of Chhattisgarh.

ObjectoftheLoan

1. (D The Loan is required for Financing Development Schemes.

(ii) Consent of Cenfial Government has been obtained to the floatation of this Loan as required by Article 293 (3) ofttre Constitution of India.

Method of issue

2. Government Stock will be sold through the Reserve Bank of India, Mumbai Offrce (pDO) Fort, Mumbai-⁴⁰⁰⁰⁰¹ by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 469lF-04 -04849104/B'4/2019 dated July 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 Bidders3. The Government Stock up lo ¹⁰% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of lo/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-Il). 321

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on March 03, 2020. 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 March 03, 2020.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) systembetween 10:30A.M. and l2:00 P.M.

O) The non-competitive bids shall be submitted electronically on the Reserve Bank of tndia Core Banking Solution @-Kuber) systembetween 10:30A.M. and l1:30A.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 04, 2020.

Methodof Payment

6. Successful bidders will make payrnent on March04,2020. 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)/\lagpur.

Tenure

7. The Stock will be of ¹⁰-year tenure. The tenure ofthe Stock will commence March} , 2020.

Date of Repayment

8. The loan will be repaid at par on March 0 4, 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 paid September 04 and March 04.

Eligibility of Securities

10. The invesfrnent in Government Stock will be reckoned as an eligible investrnent in Government Securities by banks forthe purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify forthe ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.