TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2023
[Price: Rs. 1.60 Paise.
No. 345]
CHENNAI, THURSDAY, SEPTEMBER 21, 2023
Purattasi 4, Sobakiruthu, Thiruvalluvar Aandu-2054
II-1 Ex. (345)
[ 1 ]
Part II—Section 1
Notifications or Orders of specific character or of particular interest to the
public issued by Secretariat Departments.
NOTIFICATIONS BY GOVERNMENT
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, September 21, 2023.
No. II(1)/FIN/29(b-1)/2023.
The following Notification is published:—
NOTIFICATION
[No.680(L)/W&M-II/2023]
Government of Tamil Nadu hereby notifies the Reissue of 6.92% Tamil Nadu SDL 2046 issued on December
01, 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.644(L)/W&M-II/2023, dated February 22, 2023 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.644(L)/W&M-II/2023,
dated February 22, 2023 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).
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 September 26, 2023. 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 September 26, 2023. .
(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 September 27, 2023.
Method of Payment:
6. Successful bidders will make payments on September 27, 2023 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 25 year tenure from the date of commencement on December 01, 2021.
Date of Repayment:
8. The loan will be repaid at par on December 01, 2046.
Rate of Interest:
9. Interest at the rate of 6.92% 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 December 01 and June 01.
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/29(b-2)/2023.
The following Notification is published:—
NOTIFICATION
[No.679(L)/W&M-II/2023]
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of
30-year tenure for an aggregate amount of Rs.3000 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.644(L)/W&M-II/2023, dated February 22, 2023 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.644(L)/W&M-II/2023,
dated February 22, 2023 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 3
PRINTED AND PUBLISHED BY THE DIRECTOR 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 September 26, 2023. 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 September 26, 2023. .
(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 September 27, 2023.
Method of Payment:
6. Successful bidders will make payments on September 27, 2023 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 September 27, 2023.
Date of Repayment:
8. The loan will be repaid at par on September 27, 2053.
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 March 27 and September 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.
(By order and in the name of the Governor of Tamil Nadu)
T. UDHAYACHANDRAN,
Principal Secretary to Government of Tamil Nadu,
Finance Department.