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Chattisgarh Gazette - Extraordinary · Government of Chattisgarh

The Notification of Department of Finance of No. 926/R-14-04-2021/B-4/4, Dated 30-09-2021

Published 20 October 2021

Department
वित्त विभाग
Type
Extraordinary
Gazette no.
543
Notification no.
No. 926/R-14-04-2021/B-4/4
Identifier
in.gazette.chhattisgarh.eo.2021-10-20.543
Languages
English, Hindi
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Gazette text Alternate rendering
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FINANCE DEPARIMENT Mantralaya, Mahanadi Bhawan, Nava Raipur Atal Nagar

Atal Nagar, the 3 oth September 202 I

NOTIFICATION

Govemment Stock (Securities) of07- year tenure for an aggregate amount ofRs. 1 000 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. 469lF-04 -04849/04/B-412019 dated July 05, 2019 ofGovemment of Chhattisgarh.

Method of issue

institutions subject to a maximum limit of I % 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). 1085 1086 udw,rq{qq-d, ftcisi u o q-qe-t zozr Place and Date ofAuction

4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Ofiice, Fort, Mumbai-400001 on October 05. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below October05, 2021.

(a) The competitive bids shall be submitted electronically on the Reserve Bank oflndia Core Banking Solution (E-Kuber) system between l0:30A.M. and I l:30 PM.

(b) The non-competitive bids shall be submitted electronically on the Reserye Bank of India Core Banking Solution @-Kuber) system between 10:30 A.M. and 1 I :00 A.M.

Result oftheAuction

5. The result ofthe 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 October 06, 2021.

Method of Payment

6. Successflrl bidders will make payment on October 06, 2021 before close of banking hours by means of cash, bankers cheque/pay order, demand draft payable at Reserve Bank of India, MumbaiNagpur or a cheque drawn on their account with Reserve Bank oflndia, Mumbai (Fort)Alagrur.

Tenu re

7. The Stock will be of07-year tenure. The tenue ofthe Stock will conmence October 06, 2021.

Date ofRepayment

8. TheloanwillberepaidatparonOctober06,2028.

Rate oflnterest

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 April 06 and October 06.

Eligibility of Securities

10. The investrnent in Goyemment Stock will be reckoned as an eligible investment in Govemment Securities by banks for the purpose ofstatutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, I 949. The stocks will quali!, for the ready forward facility.

By order and in the name ofthe Governor ofChhattisgarh,

ALARMELMANGAI D., Secretary.

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Cite this issue. Chattisgarh Gazette - Extraordinary, Government of Chattisgarh, 20 October 2021. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.chhattisgarh.eo.2021-10-20.543/. Archive identifier in.gazette.chhattisgarh.eo.2021-10-20.543.