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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. -

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 Bidders

3.

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

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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.

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