EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 639, CUTTACK, FRIDAY, APRIL 20, 2018/ CHAITRA 30, 1940

FINANCE DEPARTMENT

PRESS COMMUNIQUE

The 20th April, 2018

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

of 5(Five) year tenure for an aggregate amount of Rs. 500.00 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 – 400 001

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 24th April, 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 24th April, 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 25th April, 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

25th April, 2023.

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 25th October & 25th

April.

T. K. PANDEY

Principal Secretary to Government

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

Ex. Gaz. 116-173+05