EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 1553, CUTTACK, FRIDAY, AUGUST 24, 2018/ BHADRA 2, 1940

FINANCE DEPARTMENT

PRESS COMMUNIQUE

The 24th August, 2018

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

04(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 28th August, 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 28th August, 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 29th August, 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

29th August, 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 29th February/ 1st

March & 29th August.

T. K. PANDEY

Additional Chief Secretary to Government

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

Ex. Gaz. 1030-173+05