EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 1688, CUTTACK, FRIDAY, SEPTEMBER 7, 2018/BHADRA 16, 1940
FINANCE DEPARTMENT
NOTIFICATION
The 7th September, 2018
No. 29081–FIN-BUD3-PD-0005/2017/F.–— Government of Odisha hereby notifies
the sale of Odisha Government Stock (securities) of 15 (Fifteen) year tenure for an
aggregate amount of Rs.500.00 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.30674/F., dated the 20th July, 2007
of Government of Odisha.
Object of the Loan:
(i) The proceeds of the loan will be utilized for financing development programme
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-400001 by auction in the manner as prescribed in paragraph 6.1 of
the General Notification No.30674/F., dated the 20th July, 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-400001 on 11th September, 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 11th September, 2018.
