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FINANCE DEPARTMENT

Mantralaya, Mahanadi Bhawan, Nava ^{RaipurAtal Nagar}

Atal Nagar, the 6thAugust 2020

NOTIFICATION

No. 464lF-2019-04-0484918-414. -

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

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.

(ii)

Consent of Cenfial Govemment ^{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 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.}

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}

Notifl cation ^{(Annexure-Il).}

783

784

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Place and Date ofAuction

4.

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.}

Eligibility of Securities

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,}

AMITABH JAIN, Additional Chief ^Secretary.

dara-+,gauraweEqq1cil,gi*€rEanrvrrfi-agunao,aaqugtera+ntgEaauru-+rka ^{- zoro.}