No. 481]

CHENNAI, THURSDAY, NOVEMBER 19, 2020

Karthigai 4, 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: Re. 0.80 Paise.

[ 1 ]

Ex-II—1-(481)

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, November 19, 2020.

No. II(1)/FIN/22(a)/2020.

The following Notifi cation is published:—

NOTIFICATION

[No.518(L)/W&M-II/2020]

Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of 20-year tenure for an

aggregate amount of Rs.1000 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 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).

TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY

2

PRINTED AND PUBLISHED BY THE COMMISSIONER OF STATIONERY AND PRINTING, CHENNAI

ON BEHALF OF THE GOVERNMENT OF TAMIL NADU

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

November 24, 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 November 24, 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 November 25, 2020.

Method of Payment:

6. Successful bidders will make payments on November 25, 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 20 year tenure. The tenure of the stock will commence on November 25, 2020.

Date of Repayment:

8. The loan will be repaid at par on November 25, 2040.

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 May 25 and November 25.

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.