No. 526]

CHENNAI, WEDNESDAY, NOVEMBER 3, 2021

Aippasi 17, Pilava, Thiruvalluvar Aandu–2052

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.

2021

[Price: Re. 0.80 Paise.

Ex-II-1—(526)

[ 1 ]

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, November 3, 2021.

No. II(1)/FIN/23(m)/2021.

The following Notifi cation is published:—

NOTIFICATION

[No. 570(L)/W&M-II/2021]

Government of Tamil Nadu hereby notifi es the sale of Re-issue of 6.97% Tamil Nadu State Development Loan 2046

issued on May 25, 2021 for an aggregate amount of Rs.1000.00 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 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 Office (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).

TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY

2

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 09, 2021. 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 09, 2021.

(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 10, 2021.

Method of Payment

6. Successful bidders will make payments on November 10, 2021 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 25 year tenure from the date of commencement on May 25, 2021.

Date of Repayment

8. The loan will be repaid at par on May 25, 2046.

Rate of Interest

9. Interest at the rate of 6.97% 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 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.

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

ON BEHALF OF THE GOVERNMENT OF TAMIL NADU