TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 399]
CHENNAI, THURSDAY, JULY 21, 2022
Aadi 5, 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: Rs. 1.60 Paise.
DTP—II-1—Ex.(399)
[1]
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, July 21, 2022.
No. II(1)/FIN/36(g-1)/2022.
The following Notification is published:—
NOTIFICATION
[No. 615(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.1500 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
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 26,
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 26, 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 27, 2022.
Method of Payment:
6. Successful bidders will make payments on July 27, 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 27, 2022.
Date of Repayment:
8. The loan will be repaid at par on July 27, 2029.
Rate of Interest:
9. The cut-off yield determined at the auction will be the coupon rate per cent per annum on the Stock sold at the auction.
The interest will be paid on January 27 and July 27.
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.
Secretariat, July 21, 2022.
NOTIFICATION - II
[No.616(L)/W&M-II/2022]
No. II(1)/FIN/36(g-2)/2022.
Government of Tamil Nadu hereby notifies the sale of Re-issue of 7.39% Tamil Nadu SDL 2042 issued
on March 30, 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.
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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
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
July 26, 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 26, 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 27, 2022.
Method of Payment:
6. Successful bidders will make payments on July 27, 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. Interest at the rate of 7.39% 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 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.
(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