No. 248]

CHENNAI, FRIDAY, JUNE 7, 2019

Vaikasi 24, Vikari, Thiruvalluvar Aandu-2050

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.

2019

[Price: Re. 0.80 Paise.

[ 1 ]

Ex-II-1(248)

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, June 7, 2019.

No. II(1)/FIN/10(a)/2019.

The following Notifi cation is published:—

NOTIFICATION

[No.413(L)/W&M-II/2019]

Government of Tamil Nadu hereby notifies the sale of (Re-issue) 7.59% Tamil Nadu State Development

Loan 2031 issued on June 04, 2019 for an aggregate amount of Rs.1000.00 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.404 (L) / W&M-II / 2019, dated 13th March 2019 of Government of Tamil Nadu.

Object of the Loan:

1.

(i) To Finance Part of Capital expenditure 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.404 (L)/ W&M-II/2019, dated

March 13, 2019 at a coupon rate to be determined by the Reserve Bank of India at the price based auction under

multiple price auction method.

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 June 11, 2019. 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 June 11, 2019.

(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 June 12, 2019.

Method of Payment:

6. Successful bidders will make payments on June 12, 2019 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 12 year tenure from the date of commencement i.e. June 04, 2019.

Date of Repayment:

8. The loan will be repaid at par on June 04, 2031.

Rate of Interest:

9. Interest at the rate of 7.59% per annum will accrue on the nominal value of the stock from the date of original

issue date and will be paid half yearly on December 04 and June 04.

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