© GOVerNMeNT Of TaMiL NadU
2020
[regd. No. tN/ccN/467/2012-14.
[r. Dis. No. 197/2009.
[Price: rs. 1.60 Paise.
| tamIL NaDU gOverNmeNt gaZette PUBLiShed By aUThOriTy eXtraOrDINary | ||
No. 194] cheNNai, friday, May 15, 2020 Vaikasi 2, Saarvari, Thiruvalluvar aandu–2051
Part II—Section 1
Notifications or Orders of specific character or of particular interest to the public
issued by Secretariat Departments.
NOtIfIcatIONS by gOverNmeNt
fINaNce DeP artmeNt
MarkeT BOrrOwiNG PrOGraMMe Of STaTe GOVerNMeNT By aUcTiON
Secretariat, May 15, 2020.
No. II(1)/fIN/8(c-1)/2020.
The following Notification is published:—
NOtIfIcatION
[No.478(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifies the sale of Re-issue of 5.44% tamil Nadu State Development Loan 2023 issued on April 22, 2020 for an aggregate amount of rs.1000.00 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.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 floatation 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 Office (PDO), Fort, Mumbai-400 001 by auction in the manner as prescribed in paragraph 6.1of theGeneral Notification No.404 (L)/W&M-II/2019, dated March13, 2019 at a coupon rate to be determined by the Reserve Bank of India at the price based auction under multiple price formats.
ex-ii-1(194)
[ 1 ]2 tamil nadu government gazette extraordinary
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 Facility in 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 19, 2020. 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 19, 2020.
(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 may 20, 2020.
Method of Payment:
6. Successful bidders will make payments on may 20, 2020 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 3 year tenure from the date of commencement i.e. april 22, 2020.
Date of Repayment:
8. The loan will be repaid at par on april 22, 2023.
Rate of Interest:
9. interest at the rate of 5.44% 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 October 22 and april 22.
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)
S. kriShNaN ,
Additional Chief Secretary to Government of Tamil Nadu,
Finance Department.
Secretariat, May 15, 2020.
No. II(1)/fIN/8(c-2)/2020.
The following Notification is published:—
[No.479(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifies the sale of Re-issue of 5.95% tamil Nadu State Development Loan 2025 issued on May 13, 2020 for an aggregate amount of rs.1000.00 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.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.
3 tamil nadu government gazette extraordinary(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. The 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.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 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 Facility in 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 19, 2020 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 19, 2020.
(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 may 20, 2020.
Method of Payment:
6. Successful bidders will make payments on may 20, 2020 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 5 year tenure from the date of commencement i.e. may 13, 2020.
Date of Repayment:
8. The loan will be repaid at par on may 13, 2025.
Rate of Interest:
9. interest at the rate of 5.95% 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 November 13 and may 13.
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)
S. kriShNaN ,
Additional Chief Secretary to Government of Tamil Nadu,
Finance Department.
PriNTed aNd PUBLiShed By The cOMMiSSiONer Of STaTiONery aNd PriNTiNG , cheNNai ON BehaLf Of The GOVerNMeNT Of TaMiL NadU