TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 182]
CHENNAI, THURSDAY, MARCH 24, 2022
Panguni 10, 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.(182)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, March 24, 2022.
No. II(1)/FIN/22(a-1)/2022.
The following Notifi cation is published:—
NOTIFICATION
[No. 604(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 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 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 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).
[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 Offi ce, Fort, Mumbai - 400 001
on March 29, 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 29, 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 30, 2022.
Method of Payment
6. Successful bidders will make payments on March 30, 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 30, 2022.
Date of Repayment
8. The loan will be repaid at par on March 30, 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 30 and March 30.
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.605(L)/W&M-II/2022]
No. II(1)/FIN/22(a-2)/2022.
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.2600 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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
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
March 29, 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 29, 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 30, 2022.
Method of Payment
6. Successful bidders will make payments on March 30, 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 30, 2022.
Date of Repayment
8. The loan will be repaid at par on March 30, 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 30 and March 30.
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.606(L)/W&M-II/2022]
No. II(1)/FIN/22(a-3)/2022.
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.
4
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
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
March 29, 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 29, 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 30, 2022.
Method of Payment
6. Successful bidders will make payments on March 30, 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 30, 2022.
Date of Repayment
8. The loan will be repaid at par on March 30, 2042.
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 30 and March 30.
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.607(L)/W&M-II/2022]
No. II(1)/FIN/22(a-4)/2022.
Government of Tamil Nadu hereby notifi es the sale of Re-issue of 6.67% Tamil Nadu SDL 2050 issued on
August 19, 2020 for an aggregate amount of Rs.2000 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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
5
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 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 March 29, 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 29, 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 30, 2022.
Method of Payment
6. Successful bidders will make payments on March 30, 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 August 19, 2020.
Date of Repayment
8. The loan will be repaid at par on August 19, 2050.
Rate of Interest
9. Interest at the rate of 6.67% 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 August 19 and February 19.
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