[357]

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.

(ii) The borrowing is in exercise of the powers conferred on the

Administrator of the Union territory of Puducherry under section 48A of the

Government of Union Territories Act, 1963 as amended with effect

from May 10, 2006 and in accordance with the terms and conditions imposed

by the Government of India for such borrowing.

Registered with the Registrar

of Newspapers for India

under No. M. 8270

Registered No. TN/PMG(CCR)/42/2012-14

WPP No. 88(556)

Dated : 16-3-2012

Price : ` 2-00

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16 {

No.

26

Poudouchéry

Vendredi

16

Mars

2012 (26 Phalguna 1933)

No.

Puducherry

Friday

16th

March

2012

358

LA GAZETTE DE L’ETAT

[ PART-I

2. Method of issue.— Government stock will be sold through the

Reserve Bank of India, Mumbai Office (PDO), Fort, Mumbai – 400 001 by auction

in the manner as prescribed in paragraph 6.1 of the General Notification

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

Reserve Bank of India at its Mumbai Office, Fort, Mumbai – 400 001

on March 20, 2012. Bids for the auction should be submitted in electronic

format, on the Negotiated Dealing System (NDS) as stated below on

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. Method of payment.— Successful bidders will make payments

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 /

Chennai 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

be the coupon rate per cent. per annum on the stock sold at the auction.

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

the purpose of Statutory Liquidity Ratio (SLR) under section 24 of the

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).

online publication at “http://styandptg.puducherry.gov.in”

Government Central Press

Directorate of Stationery and Printing

Puducherry-9