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FINANCE DEPARTMENT Mantralaya, Mahanadi Bhawan, Nava RaipurAtal Nagar
Atal Nagar, th e 2nd July 2021
NOTIFICANON
No.307/R-14-04-202118-414.
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Government of Chhattisgarh hereby notifies the sale of Chhattisgarh Goverirment Stock (Securities) of 07- 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 in the General Notification No. 469[.-04-048491041B-42019 dated July 05, 2019 ofGovemment of Chhattisgarh.
ObjectoftheLoan
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 Article 293 (3) ofthe Constitution of India.
Method of issue
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Offrce (PDO) Fort, Mumbai400001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No.469lF-04-04849104184/2019datedJtly05,2019 at acouponratetobedeterminedby the Reserve Bank of India at the yield based auction under multiple price formats.
Allotment to Non-competitive Bidders
76E Bd{rrd {slrd, frrqi-+ I 6 gilr{ 202 rPlace and Date ofAuction
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Forl Mumbai-400001 on July06,202l. Bids for the auction should be submitted in electonic format, on the Reserve Bank of India Core Banking S-olution (E-Kuber) system as stated below on July 06, 2021.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber) systembetween 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 successful bidders will be on July 07,2021.
Method of Payment
6. Successful bidders will make pa)rynent on July 07,2021. before close of banking hours by means of cash, bankers cheque/pay order, derirand draft payable at Reserve Bank of India, MumbaiA.{agpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)A{agpur.
Tenure
7. The Stock will be of 07-year tenure. The tenure ofthe Stock will commence July 07 ,2021 .
Dateof Repayment
8. The loan will be repaid at par on July 07, 2028.
Rate of Interest
9. The cut-offyield determined at the auction will be the coupon rate percent per anmrm on the stock sold at the auction. The interest will be paid January 07 and July 07.
Eligibility of Securities
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949 .The stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Chhattisgarh,
ALARMELMANGAI D., Secretary.