No. 243]

CHENNAI, FRIDAY, JULY 6, 2018

Aani 22, Vilambi, Thiruvalluvar Aandu-2049

Part II—Section 1

Notifications or Orders of specific character or of particular interest to the public

issued by Secretariat Departments.

NOTIFICATIONS BY GOVERNMENT

TAMIL NADU

GOVERNMENT GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

©

[Regd. No. TN/CCN/467/2012-14.

GOVERNMENT OF TAMIL NADU

[R. Dis. No. 197/2009.

2018

[Price: Re. 0.80 Paise.

[ 1 ]

Ex-II-1(243)

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, July 6, 2018.

No. II(1)/FIN/14(a)/2018.

The following Notifi cation is published:—

NOTIFICATION

[No.370(L)/W&M-II/2018]

Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of

Twenty year tenure for an aggregate amount of Rs.750 Crore (Nominal). The sale will be subject to

the terms and conditions spelt out in this notifi cation (called Specifi c Notifi cation) as also the terms and

conditions specifi ed in the General Notifi cation No.170(L)/W&M-II/2007, dated 19th July 2007 of Government of

Tamil Nadu.

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 fl oatation of this loan as required by

Article 293(3) of the Constitution of India.

Method of Issue:

2. The Government stock will be sold through the Reserve Bank of India, Mumbai Offi ce (PDO), Fort,

Mumbai-400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notifi cation

No.170 (L)/ W&M-II/2007, dated July 19, 2007 at a coupon rate to be determined by the Reserve Bank of

India at the yield based auction under multiple price formats.

TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY

2

PRINTED AND PUBLISHED BY THE DIRECTOR OF STATIONERY AND PRINTING, CHENNAI

ON BEHALF OF THE GOVERNMENT OF TAMIL NADU

Allotment to Non-competitive Bidders:

3. The Government Stock up to 10% of the notifi ed amount of the sale will be allotted to eligible

individuals and institutions subject to a maximum limit of 1% of the notifi ed amount for a single bid as per

the Revised Scheme for Non-competitive Bidding Facility in the Auctions of State Government Securities of

the General Notifi cation (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 July 10, 2018. 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 July 10, 2018.

(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.

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 July 11, 2018.

Method of Payment:

6. Successful bidders will make payments on July 11, 2018 before close of banking hours by

means of cash, bankers’ 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.

Tenure:

7. The Stock will be of 20 year tenure. The tenure of the stock will commence on July 11, 2018.

Date of Repayment:

8. The loan will be repaid at par on July 11, 2038.

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 January 11 and July 11.

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 Tamil Nadu)

K. SHANMUGAM,

Additional Chief Secretary to Government of Tamil Nadu,

Finance Department.