GOVERNMENT OF PUDUCHERRY

CHIEF SECRETARIAT

FINANCE DEPARTMENT (WAYS AND MEANS)

[G.O. Ms. No. 131/FD(W&M)/2018-19, Puducherry, dated 18th January 2019]

NOTIFICATION

The Lieutenant-Governor as Administrator of the Union territory of

Puducherry, hereby notifies the sale of Puducherry Government Stock (Securities)

of 12 year tenure for an aggregate amount of

` 150 crore (Rupees one hundred

and fifty crore 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 in G.O. Ms. No. 1/FD(W&M)/2008,

dated January 8, 2008 and amendments issued vide G.O. Ms. No. 144/FD(W&M)/2009,

dated November 30, 2009, G.O. Ms. No. 51/FD (W&M)/2010, dated October 25, 2010

and G.O. Ms. No. 45/FD (W&M)/2017, dated October 26, 2017 of the Finance

Department (Ways & 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 and other Developmental 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.

[ 73 ]

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La Gazette de L' État de Poudouchéry

The Gazette of Puducherry

PART - I

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EXTRAORDINAIRE

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18 {

No.

8

Poudouchéry

Vendredi

18

Janvier

2019

(28 Pausa 1940)

No.

Puducherry

Friday

18th

January

2019

7 4

LA GAZETTE DE L’ETAT

[ PART-I

74

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 in 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 January 22, 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 January 22, 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.

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 January 23, 2019.

6. Method of payment.— Successful bidders will make payments

on January 23, 2019 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 12 (Twelve) year tenure. The tenure

of the stock will commence on January 23, 2019.

8. Date of repayment.— The loan will be repaid at par on January 23, 2031.

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 July 23 and January 23 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)

Dr. V. CANDAVELOU,

Secretary to Government (Finance).

online publication at “https://styandptg.py.gov.in”

Published by The Director, Government Press

Printed at: Government Central Press, Puducherry.

Posted at: Puducherry HPO on every Tuesday