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Regn.No. KERBIL/2012/45073 dated 05-09-2012 with RNI Reg No.KL/TV(N)/634/2021-2023 മകരള സർകാർ Government of Kerala 2025
മകരള ഗസറ്
KERALA GAZETTE
അസാധാരണം
EXTRAORDINARY
ആധികാരികാേയി ്പസിദറ്റപടുതുനത
PUBLISHED BY AUTHORITY
തിരുവനനപുരം,
2025 ജനുവരി 16 16th January 2025
വ്ാഴം
നർേ
No. 149 വാലം 14 Vol. XIV
1200 കേരം 3 3rd Makaram 1200 Thiruvananthapuram, Thursday
1946 ചപൗഷം 26 26th Pousha 1946
GOVERNMENT OF KERALA
Finance Department
NOTIFICATION
Dated, Thiruvananthapuram, 16th January, 2025.
SS-1/14/2025-FIN.
Government of Kerala hereby notifies the sale of Kerala Government Stock (securities) of 20-years tenure for an aggregate amount of Rs. 1500 Crore (Nominal). The sale will be subject to the terms and conditions spelt out in this notification (called Specific Notification) as also the terms and conditions specified in the General Notification No. 18596/SS1/07/Fin.
dated July 20, 2007 of Government of Kerala.
2Object of the Loan
1. (i) The proceeds of the loan will be utilized for financing productive development programmes and projects to be implemented in the State.
(ii) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293(3) of the Constitution of India.
Method of Issue
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO), Fort, Mumbai-400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. 18596/SS1/07/Fin. dated July 20, 2007 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats.
Allotment to Non-Competitive Bidders
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of the notified amount for a single bid as per the Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Government Securities of the General Notification (Annexure-II).
Place and Date of Auction
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai, 400 001 on January 21, 2025. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below on January 21, 2025.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30 A.M and 11:30 A.M. (b) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30 A.M. and 11:00 A.M. Result of the Auction
5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on January 22, 2025.
3Method of Payment
6. Successful bidders will make payments on January 22, 2025 before close of banking hours by means of cash, bankers' cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai/Thiruvananthapuram or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)/Thiruvananthapuram.
Tenure
7. The Stock will be of 20-years tenure. The tenure of the Stock will commence on January 22, 2025.
Date of Repayment
8. The loan will be repaid at par on January 22, 2045.
Rate of Interest
9. The cut-off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction. The interest will be paid on July 22 and January 22.
Eligibility of Securities
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act 1949. The stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Kerala, Dr. A. Jayathilak., Additional Chief Secretary (Finance).
____________________________________________________________________________________________________________________________ PUBLISHED BY THE SUPERINTENDENT OF GOVERNMENT PRESSES AT THE GOVERNMENT CENTRAL PRESS, THIRUVANANTHAPURAM, 2025