EXTRAORDINARY
Published by Authority
CHANDIGARH, SATURDAY, JANUARY 3, 2026 (PAUSA 13, 1947 SAKA)
GOVERNMENT OF PUNJAB
FINANCE DEPARTMENT
NOTIFICATION
The 2nd January, 2026
No.7/1/2025-2FB2/06.- Government of Punjab hereby notifies the sale of Punjab Government Stock (securities) of 5-year tenure for an aggregate amount of `2000crore (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) To 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 yield 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 PUNJAB GOVT. GAZ. (EXTRA), JANUARY 3, 2026 (PAUSA 13, 1947 SAKA) 209 (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.
Result of the Auction
5. 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 07, 2026.
Method of Payment
6. Successful bidders will make payments on January 07, 2026 before close of banking hours by means of cash, bankers' cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai/ New Delhi or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort) /New Delhi.
Tenure
7. The Stock will be of 5-year tenure. The tenure of the Stock will commence on January 07, 2026.
Date of Repayment
8. The loan will be repaid at par on January 07, 2031.
Rate of Interest
9. 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 July 07 and January 07.
Eligibility of Securities
10. 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 Governor of Punjab
Sd/-
ALOK SHEKHAR, IAS
Additional Chief Secretary to Government of Punjab
Department of Finance
3601/1-2026/Pb. Govt. Press, S.A.S. Nagar