No. 317]
CHENNAI, FRIDAY, AUGUST 7, 2020
Aadi 23, 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(317)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, August 7, 2020.
No. II(1)/FIN/14(g-1)/2020.
The following Notifi cation is published:—
NOTIFICATION
[No.500(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Re-issue of 4.54% Tamil Nadu State Development Loan 2023 issued
on July 08, 2020 for an aggregate amount of Rs.1000.00 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 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 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
August 11, 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 August 11, 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 August 12, 2020.
Method of Payment:
6. Successful bidders will make payments on August 12, 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. July 08, 2020.
Date of Repayment:
8. The loan will be repaid at par on July 08, 2023.
Rate of Interest:
9. Interest at the rate of 4.54% 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 January 08 and July 08.
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 / g-2 / 2020.
The following Notifi cation is published:—
NOTIFICATION
[No.501(L)/W&M-II/2020]
Government of Tamil Nadu hereby notifi es the sale of Re-issue of 6.49% Tamil Nadu State Development Loan 2050
issued on July 22, 2020 for an aggregate amount of Rs.1000.00 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 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 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 August 11,
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 August 11, 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 August 12, 2020.
Method of Payment:
6. Successful bidders will make payments on August 12, 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 from the date of commencement i.e. 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. Interest at the rate of 6.49% 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 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