30-05-2001."
fu 1lsfrtEr
(srqTqruUr)
urFr*l{ q r*,rf{rd
a;qi6 rsz l
FINANCE DEPARTMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar
Atal Nagm, the 3rdDecember2020
NOTIFICATION
No.933lR-127-04-2020/B-4/4.
-
Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of 06- 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 specified inthe GeneralNotificationNo.469lF-04-04849/04/B-412019 datedJuly 05,2019 ofGovernment of Chhattisgarh.
ObjectoftheLoan
l. (t) 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 Article293 (3) ofthe Constitution of India.
Method of issue
2. Government Stock will be sold through the Reserve Bank of lndia, Mumbai Office (PDO) Fort, Mumbai-400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notiflcation No. 469lF-04 -04849104/B-4/2019 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.
Allotrnent to Non-competitive Bidders t3t4 B*grr€ rrqqd, ftqi6 1 6 frqgr 2o2o Place and Date ofAuction 4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on December08,2020. Bids forthe auction should be submitted in electonic fonnat, onthe Reserve Bank of tndia Core Banking Solutlon (E-Kuber) system as stated below on December 08, 2020.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) system between l0:30A.M. and 11:30A.M.
O) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30A.M. and I l:00A.M.
Result of theAuction
5. The result of the action shall be displayed by the Reserve Bark of India on its website on the same day. The payment by successful bidders will be on December 09, 2020.
Methodof Payment
6. Successful bidders will make paynent on December 09,2020. before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, MumbaiA.{agpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)Aiagpur.
Tenure
7. The Stock will be of 06-year tenure. The tenure ofthe Stock will commence December 09, 2020.
DateofRepayment
8. The loan will be repaid at par on Decemb er 09 , 2026 .
Rate oflnterest
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 June 09 and December 09.
Eligibility of Securities
10. The investrnent in Govemment Stock will be reckoned as an eligible investnent in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under S ection24 of the Banking Regulation Aci, 1949. The stocks will quali$ for the ready forward facility.
By order and in the name of the Governor of Chhattisgarh,
ALARMELMAGAI D., Secretary.