Servants of Knowledge
Chattisgarh Gazette - Extraordinary · Government of Chattisgarh

The Notification of Department of Finance of No. 776/R-14-04-2021/B-4/4, Dated 08-09-2021

Published 29 September 2021

Department
वित्त विभाग
Type
Extraordinary
Gazette no.
517
Notification no.
776/R-14-04-2021/B-4/4
Identifier
in.gazette.chhattisgarh.eo.2021-09-29.517
Languages
English, Hindi
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No.776lR-14-04-202llB-414.

Chhattisgarh.

ObjectoftheLoan

3. The Government Stock up to l0% of the notified amount ofthe sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of the notified amount for a single bid as per the Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Government Securities of the General Notification (Annexure-Il). 1033 1034 Bffi{Trr€ irsm{, frqi6 2e furwq 262 1 Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400001 on September 14. Bids for the auction should be submitted in electronic forma! on the Reserve Bank of India Core Banking Solution @-Kuber) system as stated below on Septemb er 14,2021.

' (a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution @-Kuber)system between l0:30A.M. and l1:30A.M.

O) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between l0:30 A.M. and I I :00 A.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 September 15,2021.

Method of Payment

6. Successful bidders will make payment on September 15,2021. 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)A.Iagpur.

Tenure

7. The Stock will be ofO7-yem tenure. The tenure ofthe Stock will commence September 15,2021.

DateofRepayment

8. The loan will be repaid at par on September 15,2028.

Rate of Interest

9. The cut-offyield determined at the auction will bethe coupon rate percent per annum on the stock sold at t auction. The interest will be paid March l5 and September 15.

Eligibility of Securities

10. The investrnent in Government Stock will be reckoned as an eligible investment in Government Securities b banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 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,

ALARMELMANGAI D., Secretary{arao,gfwavr+w€rn:n,ui#wrdamv1rrffugfnau,rrqr{rqg{wgarTrRigFaaurrofin - zozr.

Cite this issue. Chattisgarh Gazette - Extraordinary, Government of Chattisgarh, 29 September 2021. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.chhattisgarh.eo.2021-09-29.517/. Archive identifier in.gazette.chhattisgarh.eo.2021-09-29.517.