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FINANCE DEPARTMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar
Atal Nagar, the 6thAugust 2020
NOTIFICATION
Government of Chhattisgarh hereby notifies the sale of Chhattisgarh No. 464lF-2019-04-0484918-414. -
GovernmentStock(Securities)of04-yeartenureforanaggregateamountofRs. 1300crore(Nominal).Thesalewillbe subject to the terms and conditions spelt out in this notification (called specific notification) as also the terms and .ordition. specified inthe General NotificationNo.469lF-04 -O4S49l04lB-412019 dated July 05, 2019 of Government of Chhattisgarh.
Object ofthe Loan
l. (D The Loan is required for Financing Development Schemes.
Z. 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 -O484gl}4lB4l20l9 datedluly 05, 2019 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats.
784 Place and Date ofAuction4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Ofiice, Fort, Mumbai-400001 on August ll,2O2O. 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 August 11, 2020 .
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30 A.M. and I 1 :30 A.M.
O) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) system between l0:30 A.M. and 1 I :00 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 onAugust 12, 2020.
Method of Payment
6. Successful bidders will make payment August 12, 2020. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, MumbaiA'lagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)Nagpur.
Tenure
j . The Stock will be of 04-year tenure. The tenure of the Stock will commence August 12, 2020.
DateofRepayment
8. The loan will be repaid at par onAugust 12, 2024.
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 February l2 andAugust 12.
10. The investment in Govemment Stock will be reckoned as an eligible investment 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 qualifr for the ready forward facility.
By order and in the name of the Governor of Chhattisgarh,