Registered with the Registrar of Newspapers for India under No. 10410
La Gazette de L' État de Poudouchéry The Gazette of Puducherry
PART - I
➢ EXTRAORDINAIRE EXTRAORDINARY
Published by ➢ Publiée par ➢ Autorité Authority ▪ 2025 } | 6 {
No. 30 Poudouchéry Jeudi 6 Mars 2025 (15 Phalguna 1946) No. Puducherry Thursday 6th March 2025
GOVERNMENT OF PUDUCHERRY
CHIEF SECRETARIAT
FINANCE DEPARTMENT (WAYS AND MEANS)
[G.O. Ms. No. 74/FD(W&M)/2024-25, Puducherry, dated 06th March 2025]
NOTIFICATION
T he Lie utenant-Gove rnor a s Ad mini stra tor of the Union t erri tory of P uducherr y, her eby noti fies the sale of P uducher ry Government St ock ( Se curi tie s) of 8 yea rs and 6 months tenur e for an aggre gate amount o f 300 crore (Rupees three 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 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;
LA GAZETTE DE L'ETAT [ PART-I 164 164(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.
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 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 M umb ai Offic e, Fo rt, M umbai-4 00 00 1 on March 11, 2025. B id s for the auct ion sho uld be submi tte d in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below on March 11, 2 025.
(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 12, 2 02 5.
6. Method of payment.— Successful bidders will make payments on March 12, 2 02 5 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 8 years and 6 months tenure. The tenure of the stock will commence on March 12, 2025.
8. Date of repayment.— The loan will be repaid at par on September 12, 2 033.
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 12 and March 12 for every financial year until repayment.
10. Eligibility of securities.— The investment in Government Stock will be reckoned as an eligible investment in Go vernment Securities by B anks fo r the purpose of Stat utory Li quidity 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)
ASHISH M ADHAORAO M ORE, I. A.S., Development Commissioner-cum- Secretary to Government (Finance).