No. 251]
CHENNAI, FRIDAY, JUNE 26, 2020
Aani 12, 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
TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2020
[Price: Rs. 1.60 Paise.
[ 1 ]
Ex-II—1(251)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, June 26, 2020.
No. II(1)/FIN/13(a-1)/2020.
The following Notifi cation is published:—
NOTIFICATION
[No.490(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of 3-year
tenure for an aggregate amount of Rs.1000 crore (Nominal). The State Government will have the option to
retain an additional amount of Rs.250 crore. 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 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.404 (L)/W&M-II/2019, dated 13th March 2019 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
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 Offi ce, Fort, Mumbai - 400 001
on June 30, 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 June 30, 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 July 01, 2020..
Method of Payment:
6. Successful bidders will make payments on July 01, 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. The tenure of the stock will commence on July 01, 2020.
Date of Repayment:
8. The loan will be repaid at par on July 01, 2023.
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 01 and July 01.
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.
Secretariat, June 26, 2020.
No. II(1)/FIN/13(a-2)/2020.
The following Notifi cation is published:—
NOTIFICATION
[No.491(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of
35-year tenure for an aggregate amount of Rs.1000 crore (Nominal). The State Government will have
the option to retain an additional amount of Rs.250 crore. 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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
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.404 (L)/
W&M-II/2019, dated 13th March 2019 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 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 Offi ce, Fort, Mumbai - 400 001
on June 30, 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 June 30, 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 July 01, 2020.
Method of Payment:
6. Successful bidders will make payments on July 01, 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 30 year tenure. The tenure of the stock will commence on July 01, 2020.
Date of Repayment:
8. The loan will be repaid at par on July 01, 2055.
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 01 and July 01
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
4
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