EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 708, CUTTACK, FRIDAY, MAY 4, 2018 / BAISAKHA 14, 1940

FINANCE DEPARTMENT

PRESS COMMUNIQUE

The 4th May, 2018

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

of 10(Ten) 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 8th May, 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 8th May, 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 9th May, 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

9th May, 2028.

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 9th November & 9th

May.

T. K. PANDEY

Principal Secretary to Government

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

Ex. Gaz. 185-173+05