EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 1929 CUTTACK, FRIDAY, OCTOBER 11, 2019 / ASWINA 19, 1941
FINANCE DEPARTMENT
NOTIFICATION
The 11th October, 2019
No. 34386-FIN-BUD3-PD-0003/2019/F.—Government of Odisha hereby notifies the
sale of Odisha Government Stock (securities) of 05 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:
1. (i)
The proceeds of the loan will be utilized to finance capital outley for creation
of capital assets.
(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 15th October, 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 15th October, 2019.
