TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 156]
chennai, Thursday, March 10, 2022
Maasi 26, Pilava, Thiruvalluvar Aandu-2053
Part Ii—Section 1
Notifications or Orders of specific character or of particular interest to the public
issued by Secretariat Departments.
Notifications by government
©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2022
[Price: Rs. 2.40 Paise.
DTP—II-1—Ex.(156)
Finance Department
market borrowing programme of state government by auction
Secretariat, March 10, 2022.
No. II(1)/FIN/18(h-1)/2022.
The following Notification is published:—
Notification
[No. 596(L)/W&M-II/2022]
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of 8-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 notification (called Specific Notification) as also the terms and conditions specified in the General Notification
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 floatation 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 Notification 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 notified amount of the sale will be allotted to eligible individuals and
institutions subject to a maximum limit of 1% of the notified 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 Notification (Annexure-II).
[1]
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Tamil nadu government gazette extraordinary
Place and Date of Auction:
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai - 400 001 on March 15,
2022. 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 March 15, 2022. .
(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 March 16, 2022.
Method of Payment:
6. Successful bidders will make payments on March 16, 2022. 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 8 year tenure. The tenure of the stock will commence on March 16, 2022.
Date of Repayment:
8. The loan will be repaid at par on March 16, 2030.
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 September 16, and March 16.
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.
No. II(1)/FIN/18(h-2)/2022.
The following Notification is published:—
Notification
[No. 597(L)/W&M-II/2022]
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of 10-year tenure
for an aggregate amount of Rs.2000 crore (Nominal). The sale will be subject to the terms and conditions spelt out
in this notification (called Specific Notification) as also the terms and conditions specified in the General Notification
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 floatation 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 Notification 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.
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Tamil nadu government gazette extraordinary
Allotment to Non-competitive Bidders:
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions
subject to a maximum limit of 1% of the notified 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 Notification (Annexure-II).
Place and Date of Auction:
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai - 400 001 on
March 15, 2022. 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 March 15, 2022. .
(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 March 16, 2022.
Method of Payment:
6. Successful bidders will make payments on March 16, 2022. 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 March 16, 2022.
Date of Repayment:
8. The loan will be repaid at par on March 16, 2032.
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 September 16, and March 16.
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.
Notification
[No. 598(L)/W&M-II/2022]
No. II(1)/FIN/18(h-3)/2022.
Government of Tamil Nadu hereby notifies the sale of Re-issue of 7.19% Tamil Nadu SDL 2042 issued on
March 02, 2022 for an aggregate amount of Rs.1000 crore (Nominal). The sale will be subject to the terms and
conditions spelt out in this notification (called Specific Notification) as also the terms and conditions specified in the
General Notification 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 floatation of this loan as required by Article 293(3) of
the Constitution of India.
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Tamil nadu government gazette extraordinary
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 Notification 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 price based auction under multiple price formats.
Allotment to Non-competitive Bidders:
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions
subject to a maximum limit of 1% of the notified 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 Notification (Annexure-II).
Place and Date of Auction:
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai - 400 001 on
March 15, 2022. 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 March 15, 2022. .
(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 March 16, 2022.
Method of Payment:
6. Successful bidders will make payments on March 16, 2022. 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 March 02, 2022.
Date of Repayment:
8. The loan will be repaid at par on March 02, 2042.
Rate of Interest:
9. Interest at the rate of 7.19% 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 September 02, and March 02.
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.
Notification
[No. 599(L)/W&M-II/2022]
No. II(1)/FIN/18(h-4)/2022.
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of 30-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 notification (called Specific Notification) as also the terms and conditions specified in the General Notification
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 floatation of this loan as required by Article 293(3)
of the Constitution of India.
5
Tamil nadu government gazette extraordinary
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 Notification 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 notified amount of the sale will be allotted to eligible individuals and institutions
subject to a maximum limit of 1% of the notified 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 Notification (Annexure-II).
Place and Date of Auction:
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai - 400 001 on
March 15, 2022. 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 March 15, 2022. .
(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 March 16, 2022.
Method of Payment:
6. Successful bidders will make payments on March 16, 2022 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 March 16, 2022.
Date of Repayment:
8. The loan will be repaid at par on March 16, 2052.
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 September 16 and March 16.
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)
N. Muruganandam,
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