GOVERNMENT OF PUDUCHERRY
CHIEF SECRETARIAT
FINANCE DEPARTMENT (WAYS AND MEANS)
[G.O. Ms. No. 67/FD(W&M)/2023-24, Puducherry, dated 06th March 2024]
NOTIFICATION
The Lieutenant-Governor as Administrator of the Union territory of Puducherry hereby notifies
the sale of Puducherry Government Stock (Securities) of 14 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 08, 2008, of the Finance Department (Ways and Means) of the
Government of Puducherry.
Object of the loan.— (i) The proceeds of the loan will be utilized for financing Capital/Revenue 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.
[ 67 ]
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6 8
LA GAZETTE DE L’ETAT
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68
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 08, 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 March 12, 2024. 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
March 12, 2024.
(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 11.30 a.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 11.00 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 13, 2024.
6. Method of payment.— Successful bidders will make payments on March 13, 2024 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 14 year tenure. The tenure of the stock will commence on March 13, 2024.
8. Date of repayment.— The loan will be repaid at par on March 13, 2038.
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 September 13 and March 13 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)
A. MUTHAMMA, I.A.S.
Secretary to Government (Finance).
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online publication at “https://styandptg.py.gov.in”
Published by the Director, Government Press, Puducherry.