PUNJAB GOVT. GAZ. (EXTRA), APRIL 28, 2023 (VYSK 8, 1945 SAKA)
1383
EXTRAORDINARY
Published by Authority
CHANDIGARH, FRIDAY, APRIL 28, 2023 (VAISAKHA 8, 1945 SAKA)
( 1383 )
GOVERNMENT OF PUNJAB
FINANCE DEPARTMENT
(Finance Budget-2)
NOTIFICATION
The 28th April, 2023
No. 7/1/2023-2FB2/389.–Government of Punjab hereby notifies the Reissue of 7.62% Punjab SGS
2038 issued on April 19, 2023 for an aggregate amount of Rs. 1000 crore (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. 7/3/2017-2FBII/445 dated May 08, 2017 of Government of Punjab.
Object of the Loan
1.
(i) The finance part of Capital Expenditure of Plan Schemes and other Development Schemes under
execution
(ii) Consent of Central Government has been obtained to the floatation of this loan as required by Article
293(3) of the Constitution of India.
Method of Issue
2. 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. 7/3/2017-
2FBII/445 dated May 08, 2017 at a coupon rate to be determined by the Reserve Bank of India at the Price
based auction under multiple price formats.
Allotment to Non-competitive Bidders
3. 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 Facilityin the Auctions of State Government Securities of the General Notification
(Annexure – II).
Place and Date of Auction
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai - 400 001
on May 02, 2023. 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 May 02, 2023.