Registered No. PY/44/2018-20 Registered with the Registrar of Newspapers for India under No. 10410
WPP No. TN/PMG(CCR)/WPP-88/2018-20
Dated : 29-11-2019
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La Gazette de L' État de Poudouchéry The Gazette of Puducherry
PART - I
➢ EXTRAORDINAIRE EXTRAORDINARY
Published by ➢ Publiée par
➢ Autorité Authority ` 2-00 Prix : ` 2-00 Price : ` 2-00 ▪ ➢ 2019 } | 29 {
No. 215 Poudouchéry Vendredi 29 Novembre 2019 (8 Agrahayana 1941)
No. Puducherry Friday 29th November 2019
GOVERNMENT OF PUDUCHERRY
CHIEF SECRETARIAT
FINANCE DEPARTMENT (WAYS AND MEANS)
[G.O. Ms. No.188/FD(W&M)/2019-20, Puducherry, dated 29th November 2019]
NOTIFICATION
The Lieutenant-Governor as Administrator of the Union territory of Puducherry, hereby notifies the sale of Puducherry Government Stock (Securities) of 9 (nine) year tenure for an aggregate amount of ` 200 crore (Rupees two hundred 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 utilized 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.
LA GAZETTE DE L'ETAT [ PART-I 2428 24282. 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 formats.
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 December 03, 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 December 03, 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 December 04, 2019.
6. Method of payment.— Successful bidders will make payments on December 04, 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 9 (Nine) year tenure. The tenure of the stock will commence on December 04, 2019.
8. Date of repayment.— The loan will be repaid at par on December 04, 2028.
9. Rate of interest.— The cut-off yield determined at the auction will be the coupon rate percent per annum on the stock sold at the auction. The interest will be paid on June 04 and December 04 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)
SHURBIR SINGH,
Secretary to Government (Finance).
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