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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. -

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 Bidders

3.

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

322

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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

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.

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