TAMIL  NADU

GOVERNMENT GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 363]

CHENNAI, THURSDAY, JUNE 30, 2022

Aani 16, Subakiruthu, 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: Re. 0.80 Paise.

DTP—II-1—Ex.(363)

[1]

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, June 30, 2022.

No. II(1)/FIN/36(a)/2022.

The following Notification is published:—

NOTIFICATION

[No. 613(L)/W&M-II/2022]

Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of 7-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).

2

TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY

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 Office, Fort, Mumbai - 400 001

on July 05, 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 July 05, 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 July 06, 2022.

Method of Payment:

6. Successful bidders will make payments on July 06, 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 7 year tenure. The tenure of the stock will commence on July 06, 2022.

Date of Repayment:

8. The loan will be repaid at par on July 06, 2029

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 January 06 and July 06

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.