SPECIFIC NOTIFICATION

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Haryana Government Gazette

EXTRAORDINARY

Published by Authority

No. 58-2018/Ext.] CHANDIGARH, MONDAY, APRIL 9, 2018 (CHAITRA 19, 1940 SAKA)

GOVERNMENT OF HARYANA

FINANCE DEPARTMENT

Notification

The 9th April, 2018

No. Loan-3/1/2017-WM (2).— Government of Haryana hereby notifies the sale of Haryana

Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 1000.00 crore (Rupees

One thousand crore only) (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.–Loan-3/1/2003-WM(2) dated July 20, 2007 of Government of Haryana.

1. Object of the Loan: (i) The proceeds of the loan will be utilized to finance State Plan Outlay in connection with the development programmes of the Government of Haryana.

(ii) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293(3) of the Constitution of India.

2. Method of Issue: 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.–Loan-3/1/2003-WM (2) dated July 20, 2007 at a coupon rate to be determined by the Reserve Bank of India at the yield-based auction under multiple price formats.

3. Allotment to Non-competitive Bidders: The Government Stock up to 10% of the notified amount of the 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 II).

4. Place and Date of Auction: The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai-400 001 on April 10, 2018. 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 on April 10, 2018.

(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System between 10.30A.M. & 12.00 P.M.

(b) The Non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System between 10.30 A.M. & 11.30 A.M. (1553) 1554 HARYANA GOVT. GAZ. (EXTRA.), APR. 9, 2018 (CHTR. 19, 1940 SAKA)

5. Result of the Auction: The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on April 11, 2018.

6. Method of Payment: Successful bidders will make payments on April 11, 2018 before close of banking hours by means of cash, banker's cheque/pay order/demand draft payable at Reserve Bank of India, Mumbai/ New Delhi or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)/New Delhi.

7. Tenure: The stock will be of 10-year tenure. The tenure of the Stock will commence on April 11, 2018.

8. Date of Repayment: The loan will be repaid at par on April 11, 2018.

9. Rate of Interest: The cut-off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction. The interest will be paid on October 11 & April 11.

10. Eligibility of Securities: 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 Haryana.

TVSN PRASAD, Principal Secretary to Government Haryana, Finance Department.

56179—C.S.—H.G.P., Chd.