The Notification of Department of Finance of No. 1173/R-127-04-2020/B-4/4, Dated 07-01-2021

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FINANCE DEPARIMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar

Atal Nagar, the 7 th J anuary 2021

NOTIFICATION

No.1173lR-127-04-202018-4/4.

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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 conditionsspecifiedintheGeneralNotificationNo.469lF-04-048491041B-4l20l9datedJuly05,2019ofGovernmentof Chhattisgarh.

Object ofthe Loan

The Loan is required for Financing Development Schemes.

l. (D

(ii)

Consent of Central Govemment has been obtained to the floatation of this Loan as required by kticle293 (3) ofthe Constitution oflndia.

Method of issue

2. 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-0444849/041B-4l20l9datedJuly05,2019 at acouponratetobedeterminedbythe Reserve Bank of India at the yield based auction undermultiple price formats.

Allotment to Non-competitive Bidders

3. The Government Stock up to l0% ofthe notified amount ofthe sale will be allotted to eligible individuals andinstitutions subject to a maximum limit of 1% ofthe 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). ⁶⁴ u*s,r6 {qr{, ftrio zs v++fr zou r Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on January 12,2021. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core BankinE Solution (E-Kuber) system as stated below on January 12,2021.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) system between l0:30 A.M. and 1l :³⁰ A.M.

O) Thenon-competitivebids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) system between 10:30A.M. and l1:00A.M.

Result oftheAuction

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 January ¹³ ,2021 .

Method of Payment

6. Successful bidders will make payment on January 13,2021before 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)Atagpur.

Tenure

7. The Stock will be of 06-year tenure. The tenure ofthe Stock will commence January 13,2021.

DateofRepayment

8. The loanwillbe repaidatpar on January 13,2027.

Rate of lnterest

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 July l3 and January 13.

Etigibility of Securities

10. The invesfrnent in Government Stock will be reckoned as an eligible investment in Government Securities by banks forthe 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,

ALARMELMANGAI D., Secretary.