The Notification of Department of Finance of No. 692/R-127-04-2020/B-4/4, Dated 01-10-2020

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DEPARIMENTOFFINANCE

Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar

Atal Nagar, the I st October 2020

NOTIFICATION

No.692lR-127-04-202018-414.- Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Govemment Stock (Securirties) of05- yeartenure for an aggregate amount ofRs. 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 specihed inthe GeneralNotificationNo.469/F-04-0484910418-4/2019 dated July 05,2019 ofGovemment of Chhattisgarh.

Object ofthe Loan

l. (l) The loan is required for Financing Development Schemes.

(ii) Consent of Central Govemment has been obtained to the floatation of this Loan as required by Article 293 (3) ofthe Constitution of India.

Method of issue

2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO) Fort, Mumbai 400001byauctioninthemannerasprescribedinparagraph6.l oftheGeneralNotificationNo.46glF-04-04849104/84/ 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 t o l0%o of the notified amount ofthe 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 theAuctions of State Government Securirties ofthe General Notification (Annexure-Il). tt27

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Offrce, Fort, Mumbai-400001 on October 06,2020. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) systern as stated below on October ⁰⁶ ,2020.

(a) The competitive bids shall be submitted electronically on the Reserve Bank ofhdia Core Banking Solution (E-Kuber) system between l0:30A.M. and I l:30A.M

(b) The non-competitive bids shall be submitted elechonically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between I 0:3 0 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 on October 07,2020.

MethodofPayment

6. Successful bidders will make payment October 0712020. 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 of03-year tenure. The tenure ofthe Stock will commence October 07,2020.

DateofRepayment

8. The loan will be repaid at par on October 07 ,2025.

Rate oflnterest

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 April 07 and October 07.

Eligibility of Securities

10. The investment in Governmpnt Stock will be reckoned as an eligible investrnent in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking RegulationAct,l949.T1.te stocks will qualify forthe ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.