Servants of Knowledge
Chattisgarh Gazette - Extraordinary · Government of Chattisgarh

The Notification of Department of Finance of No. 793/R-127-04-2020/B-4/4, Dated 29-10-2020

Published 16 December 2020

Department
वित्त विभाग
Type
Extraordinary
Gazette no.
656
Notification no.
No. 793/R-127-04-2020/B-4/4
Identifier
in.gazette.chhattisgarh.eo.2020-12-16.656
Languages
English, Hindi

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ObjectoftheLoan

Government Stock will be sold through the Reserve Bank of India, Mumbai Offrce (PDO) Fort, Munrbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.469lF-04-04849104/B4D0l9datedhly05,2019at acouponratetobedeterminedbytheReserveBankof India at the yield based auction under multiple price formats.

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Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Offrce, Fort, Mumbai-400001 on November03,2020, Bids forthe auction shouldbe submitted in electronic formal onthe Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below on November 03, 2020.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30A.M. and l1:30A.M.

O) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) systembetween 10:30A.M. and I l:00A.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 successfulbidders willbe on November 04, 2020.

Methodof Payment

6. Successfrrl bidders will make pa5rrnent on November 04,2020. before close of banking hours by means of cash, bankers cheque/pay ordeq demand draft payable at Reserve Bank of India, Mumbai/Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)Nagpur.

Tenure

7. TheStockwillbeof05-yeartenure.ThetenureoftheStockwillcommenceNovember 04,2020.

DateofRepayment

8. The loanwillberepaidatparonNovember 04, 2025.

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 May 04 and November 04.

Eligibility of Securities

10. The investment in Government Stock will be reckoned as an eligible inves0nent in Government Secwities 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 Chhaffisgarh,

' AMITABH JAlN,AdditionalChiefSecretary.

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Atal Nagar, the I 9th November 2020

NOTIFICATION

No.862lR-127-04-202018-414. - Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 05- 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 specifled in the General Notification No. 4 69lF-04-04849/04/B-4l2Ol9 dated July 05, 2019 of Government of Chhattisgarh.

Objectofthe Loan

t. (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-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.469lF-04-04849/041B4/2019 datedJuly05,2019 af acouponrateto be determinedbytheReserveBankof India at the yield based auctionundermultiple price formats.

Allotment to Non-competitive Bidders

3. The Govemment Stock up to l0% ofthe notified amount of the sale will be allotted to eligible individuals and institutions subj ect to a maximum limit of I % of the notified amount for a single bid as per the Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Govemment Securities of the General Notifi cation (Annexure-Il).

Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on November 24,2020. 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 Novemb er 24, 2020.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) system between 10:30 A.M. and I I :30 A.M.

O) Thenon-competitivebids shall be submitted electronically on the Reserve Bank of India Core Baoki.rg Solution @-Kuber) system between 10:30 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 sanie day. The payment by successful bidders will be on November 25, 2020.

Methodof Payment

6. Successful bidders will make payment on November 25,2020. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of tndia, Mumbai/Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)Nagpur.

Tenure

The Stock will be of O5-year tenure. The tenure of the Stock will commence November 25, 2020.

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DateofRepayment

& TheloanwillberepaidatparonNovember 25, 2025.

Rateof Interest

9. The crit-offfield determined at the auction will be the coupon rate percent per annum on the stock sold at the Eligibility of Securities

10. The investnent in Government Stock will b reckoned as an etigibte investnent in Govemment Secrnities by banks forthe pqpose of Statutory LiquidityRatio (SLR) under-S,ection24 of the Banking Regulation Aci 1949. The stocks $,ill qualify fm the ready forward facility.

By order and in the name ofthe Govemor of Chhattisgarh,

AMITABH JAIN, Additional Chief Secretary.

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Cite this issue. Chattisgarh Gazette - Extraordinary, Government of Chattisgarh, 16 December 2020. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.chhattisgarh.eo.2020-12-16.656/. Archive identifier in.gazette.chhattisgarh.eo.2020-12-16.656.