EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 1261 CUTTACK, FRIDAY, JULY 19, 2019 / ASADHA 28, 1941

FINANCE DEPARTMENT

PRESS COMMUNIQUE

The 19th July, 2019

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–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 23rd July, 2019. 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 23rd July, 2019.

(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 24th July, 2019 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 24th July, 2024.

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 24th January and 24th July.

ASHOK K. K. MEENA

Principal Secretary to Government

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

Ex. Gaz. 591-173+5