No. 286]
CHENNAI, FRIDAY, JULY 17, 2020
Aadi 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
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(286)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, July 17, 2020.
No. II(1)/FIN/14(b-1)/2020.
The following Notifi cation is published:—
NOTIFICATION
[No.495(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of 10-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 July 21,
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 July 21, 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 22, 2020.
Method of Payment:
6. Successful bidders will make payments on July 22, 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 10 year tenure. The tenure of the stock will commence on July 22, 2020.
Date of Repayment:
8. The loan will be repaid at par on July 22, 2030.
Rate of Interest:
9. The cut-off yield determined at the auction will be the coupon rate per cent per annum on the Stock sold at the auction.
The interest will be paid on January 22 and July 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)
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
No. II(1)/FIN/14(b-2)/2020.
The following Notifi cation is published:—
NOTIFICATION
[No.496(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of 30-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.
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 July 21,
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 July 21, 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 22, 2020.
Method of Payment:
6. Successful bidders will make payments on July 22, 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 22, 2020.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
4
Date of Repayment:
8. The loan will be repaid at par on July 22, 2050.
Rate of Interest:
9. The cut-off yield determined at the auction will be the coupon rate per cent per annum on the Stock sold at the auction.
The interest will be paid on January 22 and July 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.
PRINTED AND PUBLISHED BY THE COMMISSIONER OF STATIONERY AND PRINTING, CHENNAI
ON BEHALF OF THE GOVERNMENT OF TAMIL NADU