The Notification of Department of Finance of No. 616/R-127-04-2020/B-4/4, Dated 03-09-2020

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DEPARIMENTOFFINANCE

Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar

AtalNagar, the 3rd September20Z}

NOTIFICATION

No.6l6lR-127-04-2ODOIB-414.- Govemment of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securirties) of 03- year tenure for an aggregate amount of Rs. 700 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 GeneralNotificationNo.469E-04-04849/04/B-412019 dated July 05,2019 ofGovernment of Chhattisgarh.

ObjectoftheLoan

1. (i) The loan is required for Financing Development Schemes.

(ii) Consent of Central Government 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.469lF-04-04849/04lB4l 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 to 10% ofthe notified amount of the sale will be allotted to eligible individuals and institutions subjectto amaximum limit of 1%ofthe notified amount for a single bid asperthe Revised Scheme forNon- competitive Bidding Facility in theAuctions of State Govemment Securirties ofthe General Notification (AnnexureJl). ll29

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on September 08,2020. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) systan as stated below on September 08,2020.

(a) The competitive bids shall be submitted electronically on the Reserve Bank oflndia Core Banking Solution (E-Kuber) system between I 0:3 0 A.M. and I I :30 A.M.

(b) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between I 0:30 A.M. and I 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 September 09,2020.

MethodofPayment

6. Successful bidders will make payment September Oi,g,ZOZO.before close ofbanking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of Indi4 Mumbail Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)Alagpur.

Tenure

7. The Stock will be of O3-year tenure. The tenure ofthe Stock will commence September 09, 2020.

DateofRepayment

8. The loan will be repaid at par on Septemb er 09,2023 .

Rate oflnterest

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 March 09 and September 09.

Eligibility of Securities

10. The investment in Government 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 qualify for the ready forward facility.

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

AMITABH JAIN, Additional Chief Secretary.