TAMIL NADU

GOVERNMENT GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

[Regd. No. TN/CCN/467/2012-14.

GOVERNMENT OF TAMIL NADU

[R. Dis. No. 197/2009.

2022

[Price: Rs. 1.60 Paise.

No. 495]

CHENNAI, WEDNESDAY, OCTOBER 19, 2022

Aippasi 2, 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

II-1 Ex. (495)

[ 1 ]

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, October 19, 2022.

NOTIFICATION

No. II(1)/FIN/39(g-1)/2022.

The following Notification is published:—

[No. 629(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:

(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).

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

October 25, 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 October 25, 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 October 27, 2022.

Method of Payment:

6. Successful bidders will make payments on October 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 10 year tenure. The tenure of the stock will commence on October 27, 2022.

Date of Repayment:

8. The loan will be repaid at par on October 27, 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 April 27 and October 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.

NOTIFICATION

No. II(1)/FIN/39(g-2)/2022.

The following Notification is published:—

[No. 630(L)/W&M-II/2022]

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

20-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:

(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).

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

October 25, 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 October 25, 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 October 27, 2022.

Method of Payment:

6. Successful bidders will make payments on October 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 October 27, 2022.

Date of Repayment:

8. The loan will be repaid at par on October 27, 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 April 27 and October 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.

NOTIFICATION

No. II(1)/FIN/39(g-3)/2022.

The following Notification is published:—

[No. 631(L)/W&M-II/2022]

Government of Tamil Nadu hereby notifies the sale of Re-issue of 7.24% Tamil Nadu SDL 2051 issued

on July 20, 2021 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:

(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

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

October 25, 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 October 25, 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 October 27, 2022.

Method of Payment:

6. Successful bidders will make payments on October 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 30 year tenure. The tenure of the stock will commence on July 20, 2021.

Date of Repayment:

8. The loan will be repaid at par on July 20, 2051.

Rate of Interest:

9. Interest at the rate of 7.24% 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 January 20 and July 20.

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