Sale of Puducherry Government Stock (Securities) of 10 year tenure for an aggregate amount of ` 133.000 crores.

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PART - I

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No. 2 6 Poudouchéry Vendredi 16 Mars 2012 (26 Phalguna 1933)

No. Puducherry Friday 16th March 2012

GOVERNMENT OF PUDUCHERRY

FINANCE DEPARTMENT (WAYS AND MEANS)

CHIEF SECRETARIAT

[G.O. Ms. No. 13/FD(W&M)/2012, dated 16th March 2012]

NOTIFICATION

The Lieutenant-Governor as Administrator of the Union territory of Puducherry hereby notifies the sale of Puducherry Government Stock (Securities) of 10 year tenure for an aggregate amount of ` 133.000 crores (Rupees one hundred and thirty-three crores only) (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. G.O. Ms. No. 1/FD(W&M)/2008, dated January 8, 2008 and as amended in G.O. Ms. No.144/ FD (W&M)/2009, dated November 30, 2009 and in G.O. Ms. No.51/FD (W&M)/2010, dated October 25, 2010 of the Finance Department (Ways and Means) of the Government of Puducherry.

Object of the loan.— (i) The proceeds of the loan will be utilised for financing part of Capital Expenditure of Plan Schemes and other Development Schemes under execution.

2. Method of issue.— Government stock will be sold through the Reserve Bank of India, Mumbai Office (PDO), Fort, Mumbai – 400 001 by auction i n t h e m a n n e r a s p r e s c r i b e d i n p a r a g r a p h 6 . 1 o f t h e G e n e r a l N o t i f i c a t i o n No. G.O. Ms. No. 1/FD(W&M)/2008, dated January 8, 2008 at a coupon rate to be determined by the Reserve Bank of India at the yield-based auction under multiple price format.

3. Allotment to non-competitive bidders.— 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 the Union Territory Government Securities of the General Notification (Annexure – II).

4. Place and date of auction.— The auction will be conducted by the R e s e r v e B a n k o f I n d i a a t i t s M u m b a i O f f i c e , F o r t , M u m b a i – 4 0 0 0 0 1 on March 20, 2012. Bids for the auction should be submitted in electronic f o r m a t , o n t h e N e g o t i a t e d D e a l i n g S y s t e m ( N D S ) a s s t a t e d b e l o w o n March 20, 2012.

(a) The competitive bids shall be submitted electronically on the

Negotiated Dealing System (NDS) between 10.30 a.m. and 12.30 p.m.

(b) The non-competitive bids shall be submitted electronically on the

Negotiated Dealing System (NDS) between 10.30 a.m. and 11.30 a.m.

5. Result of the auction.— The result of the auction shall be displayed by the Reserve Bank of India, on its website on the same day. The payment by successful bidders will be on March 21, 2012.

6. M e t h o d o f p a y m e n t . — S u c c e s s f u l b i d d e r s w i l l m a k e p a y m e n t s on March 21, 2012 before close of banking hours by means of Cash, Banker's Cheque / Pay Order, Demand Draft payable at Reserve Bank of India, Mumbai / C h e n n a i or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort) / Chennai.

7. Tenure.— The stock will be of ten year tenure. The tenure of the stock

will commence on March 21, 2012.

8. Date of repayment.— The loan will be repaid at par on March 21, 2022.

9. Rate of interest.— The cut-off yield determined at the auction will b e t h e c o u p o n r a t e p e r c e n t . p e r a n n u m o n t h e s t o c k s o l d a t t h e a u c t i o n . The interest will be paid on September 21st and March 21st for every financial year until repayment.

10. Eligibility of securities.— The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for t h e p u r p o s e o f S t a t u t o r y L i q u i d i t y R a t i o ( S L R ) u n d e r s e c t i o n 2 4 o f t h e Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.

(By order and in the name of the Lieutenant-Governor of Puducherry)

RAAJIV YADUVANSHI, Secretary to Government (Finance).