EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 406, CUTTACK, FRIDAY, MARCH 16, 2018 / FALGUNA 25, 1939

FINANCE DEPARTMENT

PRESS COMMUNIQUE

The 16th March, 2018

1. Government of Odisha are going to sale Odisha Government Stock (securities)

of 4(Four) year tenure for an aggregate amount of Rs500.00 crore (Nominal) in order to

finance capital outlay in connection with creation of capital assets. Government Stock will

be sold through the Reserve Bank of India, Mumbai Office(PDO), Fort, Mumbai – 400001

by auction at a coupon rate to be determined by the Reserve Bank of India.

2. The auction will be conducted by the Reserve Bank of India, at its Mumbai

Office, Fort, Mumbai-400001 on 20th March, 2018. Bids for the auction should be

submitted in electronic format, on the Reserve Bank of India Core Banking Solution

(E-Kuber) system as stated below on 20th March, 2018.

(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

12.00 P.M.

(b) The Non-competitive bids shall be submitted electronically on the Reserve

Bank of India Core Banking Solution (E-Kuber) system between 10.30 A.M.

and 11.30 A.M.

3. Successful bidders will make payments on 21st March, 2018 before close of

banking hours by means of cash, bankers’ cheque / pay order, demand draft payable at

Reserve Bank of India, Mumbai/Bhubaneswar or a cheque drawn on their account with

Reserve Bank of India, Mumbai (Fort) / Bhubaneswar. The loan will be repaid at par on

21st March, 2022.

4. The cut-off yield determined at the auction will be the coupon rate per cent per

annum on the Stock sold at the auction. The interest will be paid on 21st September &

21st March.

T. K. PANDEY

Principal Secretary to Government

Printed and published by the Director, Printing, Stationery and Publication, Odisha, Cuttack-10

Ex. Gaz. 2113-173+05