The Notification of Department of Finance of No. 1509/R-127-04-2020/B-4/4, Dated 17-02-2021

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FINANCE DEPARIMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar

Atal Nagar, the lTthFebruary 2021

NOTIFICATION

No.l509/R-127-04-202018-414.

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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Government Stock (Securities) of ⁰⁸- year tenwe 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 in the General Notification No. ⁴⁶⁹⁸-⁰⁴-⁰⁴⁸⁴⁹/⁰⁴lB-^{41201 9} dated July 05, 201 9 of Govemment of Chhattisgarh.

Object ofthe Loan

l. (D 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 Article2g3 (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 -^{0484910418412019} datedluly 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% of the notified amount of the sale will be allotted to eligible individuals and institutions subjectto amaximum limit of l% ofthe notified amount for asingle bid as perthe Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Government Securities of the General Notifl cation (Annexure-Il). 281 ²⁸² ufur6 rtqrd, fu '{{^{{FOOTNOTE *}}}}. 22 rF{E[t 202 I Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on February23,202l. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banliing Solution (E-Kuber) system as stated below on February 2 3,2021 .

(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 I l:30A.M.

O) Thenon-competitivebids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-(lber) systembetween l0:30A.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 successful bidders will be on February 24,2021.

Methodof Payment

6. Successful bidders will make paymeni.on February24,2L2lbefore close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, MumbaiArlagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)A.Iagpur.

Tenure

7. TheStockwillbeof08-yeartenure.ThetenureoftheStockwillcommence February24,202l.

Dateof Repayment

8. The loan will be repaid at par on February 24 , 2029 .

Rateof Interest

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 August 24 and February 24.

Eligibility of Securities

10. The investment in Government Stock will be reckoned as an eligible inves0nent in Government Securities by banks forthe purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949.The stocks will qualiSz forthe ready forward facility.

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

ALARMELMANGAI D., Secretary.