jkti=] fgekpy izns'k

fgekpy izns'k jkT; 'kklu }kjk izdkf'kr

eaxyokj 28 ekpZ] 2017@07 pS=] 1939

fgekpy izns'k ljdkj

H. P. STATE AGRICULTURAL MARKETING BOARD

VIPNAN BHAWAN, KHALINI, SHIMLA-171002

Ph. 0177-2621252, 2621347, FAX:2621260

E mail: [email protected]

HMB-( F)8-3/95 Vol. VII.— Pursuant to the decision of the Service Committee taken in its

meeting held on 5-11-2013 conveyed vide FD letter No. FIN-IF(C) 34-2/91/II dated18-11-2013 to

install 19 check posts jointly with the barriers of the Excise/Forest Department located at boundary

248&jkti=@2017&28&03&2017

¼8601½

8602

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

of adjoining States followed by BoM decision vide resolution 2 (4) dated 22-2-2014 and advisories

of the GoI issued from time to time, existing barriers/check posts within State are hereby

withdrawn with immediate effect to avoid traffic nuisance on the highways and to provide

conducive environment for free flow of trade in the national interest.

By order,

DR. H.S. BAWEJA,

Managing Director Cum-Member Secretary.

_________

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: 28^th February, 2017

No. Fin-2-C(12)-10/2016(1).—

Issue of 7.49% Government of Himachal Pradesh Special Bonds 2023

Vide this Notification No.Fin-2-C(12)-10/2016(1) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.49%

Government of Himachal Pradesh Special Bonds 2023 (hereinafter “Special Bonds”) in terms of

the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8603

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial

subscription to bonds and their subscription to the bonds shall be limited to the extent

of the amount, as shown against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 6 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.49 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2023

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8604

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

___________

ANNEX I

List of eligible subscriber and allocation of 7.49% Himachal Pradesh Special Bonds, 2023

S. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

Yes Bank

___________

ANNEX –II

The Regional Director

Place:

Public Debt Office,

Date:

Reserve Bank of India,

Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account__________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

8605

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

__________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(1)

Issue of 7.49% Himachal Pradesh Special Bonds, 2023

Special securities of Rs.10 Crore ( Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(1) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: 28^th February, 2017

No. Fin-2-C(12)-10/2016(2)

Issue of 7.72% Government of Himachal Pradesh Special Bonds 2024

Vide this Notification No.Fin-2-C(12)-10/2016(2) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.72%

Government of Himachal Pradesh Special Bonds 2024 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

8606

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 7 year tenure commencing from February 28, 2017.

8607

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) The bonds shall carry a nominal interest at the rate of 7.72 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2024

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.72% Himachal Pradesh Special Bonds, 2024

Sl. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

8608

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India,

Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No._________, we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

__________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(2)

Issue of 7.72% Himachal Pradesh Special Bonds, 2024

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(2) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

8609

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: 28^th February, 2017

No. Fin-2-C(12)-10/2016(3)

Issue of 7.87% Government of Himachal Pradesh Special Bonds 2025

Vide this Notification No.Fin-2-C(12)-10/2016(3) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.87%

Government of Himachal Pradesh Special Bonds 2025 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

8610

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 8 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.87 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2025

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

8611

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.87% Himachal Pradesh Special Bonds, 2025

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

__________

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India,

Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

2. We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8612

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(3)

Issue of 7.87% Himachal Pradesh Special Bonds, 2025

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(3) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: 28^th February, 2017

No. Fin-2-C(12)-10/2016(4)

Issue of 7.61% Government of Himachal Pradesh Special Bonds 2026

Vide this Notification No.Fin-2-C(12)-10/2016(4) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.61%

Government of Himachal Pradesh Special Bonds 2026 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8613

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 9 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.61 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8614

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2026

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

__________

ANNEX I

List of eligible subscriber and allocation of 7.61% Himachal Pradesh Special Bonds, 2026

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India,

Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

8615

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(4)

Issue of 7.61% Himachal Pradesh Special Bonds, 2026

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(4) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: 28^th February, 2017

No. Fin-2-C(12)-10/2016(5)

Issue of 7.75% Government of Himachal Pradesh Special Bonds 2027

Vide this Notification No.Fin-2-C(12)-10/2016(5) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.75%

8616

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Government of Himachal Pradesh Special Bonds 2027 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8617

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 10 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.75 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2027

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

8618

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.75% Himachal Pradesh Special Bonds, 2027

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(5)

Issue of 7.75% Himachal Pradesh Special Bonds, 2027

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(5) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

8619

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(6)

Issue of 8.12% Government of Himachal Pradesh Special Bonds 2028

Vide this Notification No.Fin-2-C(12)-10/2016(6) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.12%

Government of Himachal Pradesh Special Bonds 2028 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8620

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 11 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.12 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2028

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

8621

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

(iv) The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

__________

ANNEX I

List of eligible subscriber and allocation of 8.12% Himachal Pradesh Special Bonds, 2028

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

___________

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

8622

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(6)

Issue of 8.12% Himachal Pradesh Special Bonds, 2028

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(6) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^thNovember, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(7)

Issue of 7.94% Government of Himachal Pradesh Special Bonds 2029

Vide this Notification No.Fin-2-C(12)-10/2016(7) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.94%

Government of Himachal Pradesh Special Bonds 2029 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8623

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8624

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 12 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.94 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.7

Repayment of Bonds

The bonds will be repaid at par on February 28, 2029

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.9

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

8625

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.94% Himachal Pradesh Special Bonds, 2029

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

___________

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(7)

Issue of 7.94% Himachal Pradesh Special Bonds, 2029

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(7) dated February 28, 2017

8626

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^thNovember, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(8)

Issue of 7.87% Government of Himachal Pradesh Special Bonds 2030

Vide this Notification No.Fin-2-C(12)-10/2016(8) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.87%

Government of Himachal Pradesh Special Bonds 2030 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8627

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 13 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.87 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2030

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8628

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.87% Himachal Pradesh Special Bonds, 2030

Sl.No.

Name of eligible subscriber

Allotment of shares

)

Yes Bank

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

8629

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

__________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(8)

Issue of 7.87% Himachal Pradesh Special Bonds, 2030

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(8) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(9)

Issue of 7.99% Government of Himachal Pradesh Special Bonds 2031

Vide this Notification No.Fin-2-C(12)-10/2016(9) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.99%

Government of Himachal Pradesh Special Bonds 2031 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8630

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8631

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 14 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.99 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2031

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh

8632

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.99% Himachal Pradesh Special Bonds, 2031

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

___________

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(9)

Issue of 7.99% Himachal Pradesh Special Bonds, 2031

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(9) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

8633

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(10)

Issue of 7.92% Government of Himachal Pradesh Special Bonds 2032

Vide this Notification No.Fin-2-C(12)-10/2016(10) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.92%

Government of Himachal Pradesh Special Bonds 2032 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8634

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 15 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.92 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2032

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8635

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.92% Himachal Pradesh Special Bonds, 2032

Sl.No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

Yes Bank

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account__________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8636

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(10)

Issue of 7.92% Himachal Pradesh Special Bonds, 2032

Special securities of Rs.10 Crore (Rupees Ten crore) issued to lenders as per the names

given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(10) dated February 28, 2017

under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November, 2015

will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(11)

Issue of 7.51 % Government of Himachal Pradesh Special Bonds 2023

Vide this Notification No.Fin-2-C(12)-10/2016(11) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.51%

Government of Himachal Pradesh Special Bonds 2023 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i)

The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8637

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 6 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.51 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8638

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2023.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(ii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.51% Himachal Pradesh Special Bonds, 2023

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

8639

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(11)

Issue of 7.51% Himachal Pradesh Special Bonds, 2023

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(11) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(12)

8640

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Issue of 7.74 % Government of Himachal Pradesh Special Bonds 2024

Vide this Notification No.Fin-2-C(12)-10/2016(12) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.74%

Government of Himachal Pradesh Special Bonds 2024 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8641

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 7 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.74 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2024.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8642

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.74% Himachal Pradesh Special Bonds, 2024

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(12)

Issue of 7.74% Himachal Pradesh Special Bonds, 2024

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(12) dated February 28,

8643

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(13)

Issue of 7.89 % Government of Himachal Pradesh Special Bonds 2025

Vide this Notification No.Fin-2-C(12)-10/2016(13) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.89%

Government of Himachal Pradesh Special Bonds 2025 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8644

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 8 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.89 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.5

Repayment of Bonds

The bonds will be repaid at par on February 28, 2025.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

8645

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

_____________

ANNEX I

List of eligible subscriber and allocation of 7.89% Himachal Pradesh Special Bonds, 2025

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account__________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8646

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(13)

Issue of 7.89% Himachal Pradesh Special Bonds, 2025

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(13) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(14)

Issue of 7.63 % Government of Himachal Pradesh Special Bonds 2026

Vide this Notification No.Fin-2-C(12)-10/2016(14) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.63%

Government of Himachal Pradesh Special Bonds 2026 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

8647

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 9 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.63 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2026.

8648

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.63% Himachal Pradesh Special Bonds, 2026

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

8649

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_____________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

______________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(14)

Issue of 7.63% Himachal Pradesh Special Bonds, 2026

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(14) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(15)

Issue of 7.77 % Government of Himachal Pradesh Special Bonds 2027

Vide this Notification No.Fin-2-C(12)-10/2016(15) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.77%

8650

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Government of Himachal Pradesh Special Bonds 2027 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8651

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 10 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.77 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2027.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8652

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.77% Himachal Pradesh Special Bonds, 2027

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(15)

Issue of 7.77% Himachal Pradesh Special Bonds, 2027

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(15) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

8653

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

__________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(16)

Issue of 8.14 % Government of Himachal Pradesh Special Bonds 2028

Vide this Notification No.Fin-2-C(12)-10/2016(16) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.14%

Government of Himachal Pradesh Special Bonds 2028 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8654

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 11 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.14 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2028.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8655

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 8.14% Himachal Pradesh Special Bonds, 2028

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

8656

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(16)

Issue of 8.14% Himachal Pradesh Special Bonds, 2028

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(16) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(17)

Issue of 7.96 % Government of Himachal Pradesh Special Bonds 2029

Vide this Notification No.Fin-2-C(12)-10/2016(17) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.96%

Government of Himachal Pradesh Special Bonds 2029 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8657

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8658

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 12 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.96 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2029.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8659

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.96% Himachal Pradesh Special Bonds, 2029

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

__________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(17)

Issue of 7.96% Himachal Pradesh Special Bonds, 2029

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(17) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

8660

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(18)

Issue of 7.89 % Government of Himachal Pradesh Special Bonds 2030

Vide this Notification No.Fin-2-C(12)-10/2016(18) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.89%

Government of Himachal Pradesh Special Bonds 2030 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8661

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 13 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.89 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2030.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8662

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.89% Himachal Pradesh Special Bonds, 2030

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

8663

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation : Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(18)

Issue of 7.89% Himachal Pradesh Special Bonds, 2030

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(18) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(19)

Issue of 8.01 % Government of Himachal Pradesh Special Bonds 2031

Vide this Notification No.Fin-2-C(12)-10/2016(19) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.01%

Government of Himachal Pradesh Special Bonds 2031 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

8664

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8665

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 14 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.01 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2031.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8666

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.01% Himachal Pradesh Special Bonds, 2031

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(19)

Issue of 8.01% Himachal Pradesh Special Bonds, 2031

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(19) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

8667

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2 (f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

__________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(20)

Issue of 7.94 % Government of Himachal Pradesh Special Bonds 2032

Vide this Notification No.Fin-2-C(12)-10/2016(20) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.94%

Government of Himachal Pradesh Special Bonds 2032 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8668

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 15 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.94 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2032.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8669

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.94% Himachal Pradesh Special Bonds, 2032

Sr. No.

Name of eligible subscriber

Allotment of shares

(Rupees in crore)

IDFC Bank

10.00

Yes Bank

40.00

Total

50.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8670

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(20)

Issue of 7.94% Himachal Pradesh Special Bonds, 2032

Special securities of Rs. 50.00 Crore ( Rupees Fifty Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(20) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(21)

Issue of 7.54% Government of Himachal Pradesh Special Bonds 2023

Vide this Notification No.Fin-2-C(12)-10/2016(21)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.54%

Government of Himachal Pradesh Special Bonds 2023 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i)

The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8671

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special Bonds

as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 6 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.54 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8672

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2023

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.54 % Himachal Pradesh Special Bonds, 2023

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

8673

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

__________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(21)

Issue of 7.54% Himachal PradeshSpecial Bonds, 2023

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(21)dated February

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2 (f) of

Government Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

8674

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(22)

Issue of 7.77% Government of Himachal Pradesh Special Bonds 2024

Vide this Notification No.Fin-2-C(12)-10/2016(22)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.77%

Government of Himachal Pradesh Special Bonds 2024 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

8675

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 7 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.77 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2024

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

8676

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The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.77 % Himachal Pradesh Special Bonds, 2024

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account__________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8677

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(22)

Issue of 7.77% Himachal PradeshSpecial Bonds, 2024

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(22)dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(23)

Issue of 7.92% Government of Himachal Pradesh Special Bonds 2025

Vide this Notification No.Fin-2-C(12)-10/2016(23)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.92%

Government of Himachal Pradesh Special Bonds 2025 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8678

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 8 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.92 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8679

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2025

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.5

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.92 % Himachal Pradesh Special Bonds, 2025

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

8680

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_____________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(23)

Issue of 7.92% Himachal PradeshSpecial Bonds, 2025

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(23)dated February

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

_________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

8681

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

No. Fin-2-C(12)-10/2016(24)

Issue of 7.66% Government of Himachal Pradesh Special Bonds 2026

Vide this Notification No.Fin-2-C(12)-10/2016(24)dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.66%

Government of Himachal Pradesh Special Bonds 2026 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8682

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 9 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.66 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2026

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8683

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.66% Himachal Pradesh Special Bonds, 2026

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February 28, 2017

No.Fin-2-C(12)-10/2016(24)

Issue of 7.66% Himachal Pradesh Special Bonds, 2026

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(24)dated February

8684

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February 28, 2017

No. Fin-2-C(12)-10/2016(25)

Issue of 7.80% Government of Himachal Pradesh Special Bonds 2027

Vide this Notification No.Fin-2-C(12)-10/2016(25)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.80%

Government of Himachal Pradesh Special Bonds 2027 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8685

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 10 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.80 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2027

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8686

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment

in Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.80 % Himachal Pradesh Special Bonds, 2027

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

8687

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(25)

Issue of 7.80% Himachal PradeshSpecial Bonds, 2027

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(25)dated February

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(26)

Issue of 8.17% Government of Himachal Pradesh Special Bonds 2028

Vide this Notification No.Fin-2-C(12)-10/2016(26)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.17%

8688

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Government of Himachal Pradesh Special Bonds 2028 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8689

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 11 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.17 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2028

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8690

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.17% Himachal Pradesh Special Bonds, 2028

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.______________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(26)

Issue of 8.17 % Himachal PradeshSpecial Bonds, 2028

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(26)dated February

8691

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(27)

Issue of 7.99% Government of Himachal Pradesh Special Bonds 2029

Vide this Notification No.Fin-2-C(12)-10/2016(27)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.99%

Government of Himachal Pradesh Special Bonds 2029 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8692

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 12 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.99 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2029

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8693

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.99 % Himachal Pradesh Special Bonds, 2029

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8694

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(27)

Issue of 7.99% Himachal PradeshSpecial Bonds, 2029

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(27)dated February

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(28)

Issue of 7.92% Government of Himachal Pradesh Special Bonds 2030

Vide this Notification No.Fin-2-C(12)-10/2016(28)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.92%

Government of Himachal Pradesh Special Bonds 2030 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8695

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 13 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.92 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8696

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2030

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.92 % Himachal Pradesh Special Bonds, 2030

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

8697

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.________________crore.

2. We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

______________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(28)

Issue of 7.92% Himachal PradeshSpecial Bonds, 2030

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(28)dated February

28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational

and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(29)

8698

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Issue of 8.04% Government of Himachal Pradesh Special Bonds 2031

Vide this Notification No.Fin-2-C(12)-10/2016(29)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.04%

Government of Himachal Pradesh Special Bonds 2031 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8699

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 14 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.04 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2031

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.9

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8700

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.04 % Himachal Pradesh Special Bonds, 2031

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account__________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(29)

Issue of 8.04% Himachal PradeshSpecial Bonds, 2031

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(29)dated February 28,

8701

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(30)

Issue of 7.97% Government of Himachal Pradesh Special Bonds 2032

Vide this Notification No.Fin-2-C(12)-10/2016(30) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.97%

Government of Himachal Pradesh Special Bonds 2032 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8702

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 15 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.97 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2032

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8703

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.97 % Himachal Pradesh Special Bonds, 2032

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

STCI PD

25.00

PNB Gilt

10.00

Corporation Bank

20.00

Yes Bank

35.00

Total

90.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

8704

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(30)

Issue of 7.97% Himachal PradeshSpecial Bonds, 2032

Special securities of Rs. 90.00 Crore ( Rupees Ninety Crore Only ) issued to lenders as per

the names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(30) dated

February 28, 2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for

Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office

Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th

November, 2015will be reckoned as Government Security within the meaning of section 2(f) of

Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(31)

Issue of 7.55 % Government of Himachal Pradesh Special Bonds 2023

Vide this Notification No.Fin-2-C(12)-10/2016(31) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.55%

Government of Himachal Pradesh Special Bonds 2023 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8705

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8706

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 6 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.55 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2023.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8707

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.55 % Himachal Pradesh Special Bonds, 2023

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(31)

Issue of 7.55% Himachal Pradesh Special Bonds, 2023

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(31) dated February 28,

8708

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(32)

Issue of 7.78 % Government of Himachal Pradesh Special Bonds 2024

Vide this Notification No.Fin-2-C(12)-10/2016(32) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.78%

Government of Himachal Pradesh Special Bonds 2024 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8709

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 7 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.78 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2024.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8710

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

__________

ANNEX I

List of eligible subscriber and allocation of 7.78 % Himachal Pradesh Special Bonds, 2024

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8711

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(32)

Issue of 7.78% Himachal Pradesh Special Bonds, 2024

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(32) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(33)

Issue of 7.93 % Government of Himachal Pradesh Special Bonds 2025

Vide this Notification No.Fin-2-C(12)-10/2016(33) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.93%

Government of Himachal Pradesh Special Bonds 2025 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8712

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 8 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.93 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8713

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2025.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

_____________

ANNEX I

List of eligible subscriber and allocation of 7.93 % Himachal Pradesh Special Bonds, 2025

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

8714

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of Rs.

crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(33)

Issue of 7.93% Himachal Pradesh Special Bonds, 2025

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(33) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By Order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(34)

8715

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Issue of 7.67 % Government of Himachal Pradesh Special Bonds 2026

Vide this Notification No.Fin-2-C(12)-10/2016(34) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.67%

Government of Himachal Pradesh Special Bonds 2026 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8716

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 9 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.67 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2026.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8717

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.67 % Himachal Pradesh Special Bonds, 2026

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(34)

Issue of 7.67% Himachal Pradesh Special Bonds, 2026

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(34) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

8718

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(35)

Issue of 7.81 % Government of Himachal Pradesh Special Bonds 2027

Vide this Notification No.Fin-2-C(12)-10/2016(35) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.81%

Government of Himachal Pradesh Special Bonds 2027 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

8719

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 10 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.81 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2027.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

8720

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.81 % Himachal Pradesh Special Bonds, 2027

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._________ crore.

2. We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

8721

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(35)

Issue of 7.81% Himachal Pradesh Special Bonds, 2027

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(35) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(36)

Issue of 8.18 % Government of Himachal Pradesh Special Bonds 2028

Vide this Notification No.Fin-2-C(12)-10/2016(36) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.18%

Government of Himachal Pradesh Special Bonds 2028 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

8722

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 11 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.18 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

8723

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2028.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 8.18 % Himachal Pradesh Special Bonds, 2028

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

8724

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.______________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(36)

Issue of 8.18% Himachal Pradesh Special Bonds, 2028

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(36) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

8725

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

No. Fin-2-C(12)-10/2016(37)

Issue of 8.00 % Government of Himachal Pradesh Special Bonds 2029

Vide this Notification No.Fin-2-C(12)-10/2016(37) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.00%

Government of Himachal Pradesh Special Bonds 2029 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

8726

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 12 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.00 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2029.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8727

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.00 % Himachal Pradesh Special Bonds, 2029

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs. __________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_____________________ maintained at Public Debt Office, Reserve Bank of India,

Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(37)

Issue of 8.00% Himachal Pradesh Special Bonds, 2029

8728

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(37) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015 will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(38)

Issue of 7.93 % Government of Himachal Pradesh Special Bonds 2030

Vide this Notification No.Fin-2-C(12)-10/2016(38) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.93%

Government of Himachal Pradesh Special Bonds 2030 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8729

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 13 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.93 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2030.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8730

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.93 % Himachal Pradesh Special Bonds, 2030

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

8731

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(38)

Issue of 7.93% Himachal Pradesh Special Bonds, 2030

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex – I to the Notification No.Fin-2-C(12)-10/2016(38) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(39)

Issue of 8.05 % Government of Himachal Pradesh Special Bonds 2031

Vide this Notification No.Fin-2-C(12)-10/2016(39) dated February 28, 2017,Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.05%

Government of Himachal Pradesh Special Bonds 2031 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

8732

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8733

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 14 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.05 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2031.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8734

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.05 % Himachal Pradesh Special Bonds, 2031

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of Rs.

crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(39)

Issue of 8.05% Himachal Pradesh Special Bonds, 2031

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(39) dated February 28,

8735

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(40)

Issue of 7.98 % Government of Himachal Pradesh Special Bonds 2032

Vide this Notification No.Fin-2-C(12)-10/2016(40) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.98%

Government of Himachal Pradesh Special Bonds 2032 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8736

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 15 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.98 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2032.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8737

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.98 % Himachal Pradesh Special Bonds, 2032

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

IDFC Bank

10.00

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

8738

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(40)

Issue of 7.98% Himachal Pradesh Special Bonds, 2032

Special securities of Rs. 10 Crore ( Rupees Ten Crore Only) issued to lenders as per the

names given in the Annex– I to the Notification No.Fin-2-C(12)-10/2016(40) dated February 28,

2017 under the scheme of “UDAY (Ujwal Discom Assurance Yojna) Scheme for Operational and

Financial Turnaround of Power Distribution Companies (DISCOMs)” vide Office Memorandum

No 06/02/2015-NEF/FRP of Ministry of Power, Government of India dated 20^th November,

2015will be reckoned as Government Security within the meaning of section 2(f) of Government

Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(41)

Issue of 7.56 % Government of Himachal Pradesh Special Bonds 2023

Vide this Notification No.Fin-2-C(12)-10/2016(41)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.56%

Government of Himachal Pradesh Special Bonds 2023 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

8739

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(v) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special Bonds

as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8740

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 6 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.56 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2023.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8741

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.56 % Himachal Pradesh Special Bonds, 2023

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs._____________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(41)

Issue of 7.56% Himachal Pradesh Special Bonds, 2023

8742

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex– I to the Notification No.Fin-2-

C(12)-10/2016(41)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(42)

Issue of 7.79 % Government of Himachal Pradesh Special Bonds 2024

Vide this Notification No.Fin-2-C(12)-10/2016(42) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.79%

Government of Himachal Pradesh Special Bonds 2024 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

8743

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 7 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.79 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2024.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8744

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.79 % Himachal Pradesh Special Bonds, 2024

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

8745

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_________________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(42)

Issue of 7.79% Himachal Pradesh Special Bonds, 2024

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(42)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(43)

Issue of 7.94 % Government of Himachal Pradesh Special Bonds 2025

Vide this Notification No.Fin-2-C(12)-10/2016(43)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.94%

Government of Himachal Pradesh Special Bonds 2025 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8746

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber (s) have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8747

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 8 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.94 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2025.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8748

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.94 % Himachal Pradesh Special Bonds, 2025

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(43)

Issue of 7.94% Himachal Pradesh Special Bonds, 2025

8749

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(43)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

______________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(44)

Issue of 7.68 % Government of Himachal Pradesh Special Bonds 2026

Vide this Notification No.Fin-2-C(12)-10/2016(44)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.68%

Government of Himachal Pradesh Special Bonds 2026 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

8750

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 9 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.68 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2026.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8751

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.68 % Himachal Pradesh Special Bonds, 2026

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________crore.

8752

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account_______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(44)

Issue of 7.68% Himachal Pradesh Special Bonds, 2026

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(44)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(45)

Issue of 7.82 % Government of Himachal Pradesh Special Bonds 2027

Vide this Notification No.Fin-2-C(12)-10/2016(45) dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.82%

Government of Himachal Pradesh Special Bonds 2027 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

8753

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3.

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8754

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 10 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.82 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2027.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8755

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 7.82 % Himachal Pradesh Special Bonds, 2027

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account____________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(45)

Issue of 7.82% Himachal Pradesh Special Bonds, 2027

8756

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(45)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(46)

Issue of 8.19 % Government of Himachal Pradesh Special Bonds 2028

Vide this Notification No.Fin-2-C(12)-10/2016(46)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.19%

Government of Himachal Pradesh Special Bonds 2028 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

8757

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 11 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.19 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2028.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8758

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

_____________

ANNEX I

List of eligible subscriber and allocation of 8.19 % Himachal Pradesh Special Bonds, 2028

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

8759

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2. We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

___________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(46)

Issue of 8.19% Himachal Pradesh Special Bonds, 2028

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(46)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

__________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(47)

Issue of 8.01 % Government of Himachal Pradesh Special Bonds 2029

Vide this Notification No.Fin-2-C(12)-10/2016(47)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.01%

Government of Himachal Pradesh Special Bonds 2029 (hereinafter “Special Bonds”) in terms

8760

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20thNovember, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8761

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 12 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.01 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2029.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8762

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.01 % Himachal Pradesh Special Bonds, 2029

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. , we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.___________ crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(47)

Issue of 8.01% Himachal Pradesh Special Bonds, 2029

8763

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(47)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(48)

Issue of 7.94 % Government of Himachal Pradesh Special Bonds 2030

Vide this Notification No.Fin-2-C(12)-10/2016(48)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.94%

Government of Himachal Pradesh Special Bonds 2030 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

8764

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 13 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.94 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2030.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

8765

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

____________

ANNEX I

List of eligible subscriber and allocation of 7.94 % Himachal Pradesh Special Bonds, 2030

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

8766

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

2. We accept the terms and conditions mentioned in the above notification and request you

to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(48)

Issue of 7.94% Himachal Pradesh Special Bonds, 2030

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(48)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

_____________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(49)

Issue of 8.06 % Government of Himachal Pradesh Special Bonds 2031

Vide this Notification No.Fin-2-C(12)-10/2016(49)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 8.06%

Government of Himachal Pradesh Special Bonds 2031 (hereinafter “Special Bonds”) in terms

8767

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

8768

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 14 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 8.06 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2031.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(ii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iii) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

8769

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

ANNEX I

List of eligible subscriber and allocation of 8.06 % Himachal Pradesh Special Bonds, 2031

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.____________crore.

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account______________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(49)

Issue of 8.06% Himachal Pradesh Special Bonds, 2031

8770

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(49)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

___________

GOVERNMENT OF HIMACHAL PRADESH

FINANCE (WAYS & MEANS) DEPARTMENT

NOTIFICATION

Dated: February, 28, 2017

No. Fin-2-C(12)-10/2016(50)

Issue of 7.99 % Government of Himachal Pradesh Special Bonds 2032

Vide this Notification No.Fin-2-C(12)-10/2016(50)dated February 28, 2017, Government

of Himachal Pradesh (hereinafter referred to as “Government”) hereby notifies issue of 7.99%

Government of Himachal Pradesh Special Bonds 2032 (hereinafter “Special Bonds”) in terms

of the Office Memorandum No 06/02/2015-NEF/FRP of Ministry of Power, Government of India

dated 20^th November, 2015 on the subject “UDAY (Ujwal Discom Assurance Yojna) Scheme

for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”,

(hereinafter referred as “the Scheme”)

Purpose of Issue

(i) The Special Bonds are being issued in favour of subscriber(s) on private

placement basis to take over the liability of the DISCOMS.

(ii) The subscriber(s)have agreed that with the takeover of the outstanding liabilities by

the State Government, by the issuance of the Special Bonds in their favor, the

outstanding liability of the DISCOMS and the State Government guarantee in this

respect shall stand extinguished.

(iii) The extinguishment of the liability is accordingly in accordance with the applicable

terms and conditions of their issuance/ and with the consent of the lenders.

(iv) In terms of the Office Memorandum of Ministry of Power, GOI dated 20 November,

2015, the issuance of Special Bonds is not to be counted against the fiscal deficit

limit for the fiscal year 2016-17.

(v) Consent of the Central Government has been obtained for the issue of Special

Bonds as required by Article 293(3) of the Constitution of India.

8771

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

The general terms and conditions applicable to bonds are as under:

The issuance of Special Bonds shall be subject to the terms and conditions of this

Notification and compliance with the terms and conditions of the Scheme.

3.1

Eligibility for Investment

Only the entities referred to in the Annex I hereto shall be eligible for initial subscription

to bonds and their subscription to the bonds shall be limited to the extent of the amount, as shown

against their respective names.

3.2

Price

(i) The face value of each bond shall be Rs.100.

(ii) The bonds shall be issued on application, at par, for the amount as per the

application made by the eligible subscriber(s).

3.3

Application Procedure

The bonds shall be issued on application as per pro-forma in Annex II from the

eligible entities.

3.4

Form of security

The bonds will be issued in electronic form only by credit to Subsidiary General

Ledger (SGL) account maintained with Public Debt Office, Reserve Bank of India, Mumbai.

3.5

Tenure of Bond and Payment of Interest

(i) The Special Bonds will be of 15 year tenure commencing from February 28, 2017.

(ii) The bonds shall carry a nominal interest at the rate of 7.99 per cent per annum on

the outstanding balances. Day count basis 30/360 will be used for interest

calculation.

(iii) The interest will be paid on half yearly basis on August 28 and February 28 of each

year till maturity.

(iv) Interest will be paid after rounding off the amount to the nearest whole rupee. For this

purpose, amount of interest less than fifty paise will be ignored and fifty paise or more

will be rounded off to the next rupee.

3.6

Repayment of Bonds

The bonds will be repaid at par on February 28, 2032.

3.7

Transferability of Bonds

(i) The bonds may be renewed, sub-divided, consolidated, traded and transferred in

accordance with the provisions of the Government securities Act 2006 framed there

8772

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

under and any further notification which may be issued by the Government from time

to time in this behalf.

(ii) Transfer of the bonds to/by Foreign Institutional Investors (FIIs), will be subject to

SEBI (FIIs’) Regulations and those to/by Non-Resident Indians (NRIs) and Overseas

Corporate Bodies predominantly owned by NRIs, will also be subject to guidelines

issued under Foreign Exchange Management Act, 1999.

3.8

Laws applicable in regard to the Bonds

(i)

Any matter not provided in this notification shall be governed by the Government

Securities Act 2006 and the Rules/Regulations framed there under.

(iii) The Provisions of the tax laws for the time being in force in India will be applicable for

the purpose of assessing and determining the liability of the investors or the lenders.

(iv) Any dispute in relation to the bonds shall be decided by the Courts in India.

The investment in bonds by the banks will not be reckoned as an eligible investment in

Government Bonds for their statutory requirements.

By order of the Governor of Himachal Pradesh

Addl. Chief Secretary (Finance) to the

Government of Himachal Pradesh.

___________

ANNEX I

List of eligible subscriber and allocation of 7.99 % Himachal Pradesh Special Bonds, 2032

S. No.

Name of eligible subscriber

Allotment of shares (Rupees in crore)

EPFO-SBI

29.330

EPFO-Isec PD

20.530

EPFO-HSBC AMC

14.655

EPFO-Reliance Nippon Life MAC

8.800

EPFO-UTI AMC

11.735

Corporation Bank

23.50

Yes Bank

20.50

Total

129.05

ANNEX –II

The Regional Director Place:

Public Debt Office, Date:

Reserve Bank of India, Mumbai

Subject: Issue of _ % Himachal Pradesh Special Bonds 20……….

Sir,

In terms of Government of Himachal Pradesh Finance Department, Notification

No. ,we are eligible to subscribe the captioned bonds for an aggregate amount of

Rs.__________crore.

8773

jkti=] fgekpy izns'k] 28 ekpZ] 2017@07 pS=] 1939

We accept the terms and conditions mentioned in the above notification and request

you to issue the Bonds in electronic form by credit to our Subsidiary General Ledger (SGL)

Account___________ maintained at Public Debt Office, Reserve Bank of India, Mumbai.

Yours Faithfully,

Signature :

Name :

Designation :

Office Seal / Stamp:

_____________

GOVERNMENT OF HIMACHAL PRADESH FINANCE DEPARTMENT

NOTIFICATION

Date: February, 28, 2017

No.Fin-2-C(12)-10/2016(50)

Issue of 7.99% Himachal Pradesh Special Bonds, 2032

Special securities of Rs. 129.05 Crore ( Rupees One Hundred Twenty Nine Crore Five

Lakh Only) issued to lenders as per the names given in the Annex – I to the Notification No.Fin-2-

C(12)-10/2016(50)dated February 28, 2017 under the scheme of “UDAY (Ujwal Discom

Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution

Companies (DISCOMs)” vide Office Memorandum No 06/02/2015-NEF/FRP of Ministry of

Power, Government of India dated 20^th November, 2015will be reckoned as Government

Security within the meaning of section 2(f) of Government Securities Act 2006.

By order and in the name of the

Governor of Himachal Pradesh.

_____________

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