TAMIL NADU
GOVERNMENT GAZETTE
EXTRAORDINARY PUBLISHED BY AUTHORITY
©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2024
[Price: Rs. 1.60 Paise.
No. 14]
CHENNAI, THURSDAY, JANUARY 18, 2024
Thai 4, Sobakiruthu, Thiruvalluvar Aandu-2055
II-1 Ex. (14)
[ 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, January 18, 2024.
No. II(1)/FIN/3(a-1)/2024.
The following Notifi cation is published:—
NOTIFICATION
[No.696(L)/W&M-II/2024]
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 notifi cation (called Specifi c Notifi cation) as also the terms and conditions specifi ed in the
General Notifi cation 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 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.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 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).
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 Offi ce, Fort, Mumbai - 400 001 on
January 23, 2024. 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 January 23, 2024. .
(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 January 24, 2024.
Method of Payment:
6. Successful bidders will make payments on January 24, 2024 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 January 24, 2024.
Date of Repayment:
8. The loan will be repaid at par on January 24, 2044.
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 July 24 and January 24.
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/3(a-2)/2024.
The following Notifi cation is published:—
NOTIFICATION
[No.697(L)/W&M-II/2024]
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (Securities) of
30-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 notifi cation (called Specifi c Notifi cation) as also the terms and conditions specifi ed in the
General Notifi cation 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 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.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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY 3
PRINTED AND PUBLISHED BY THE COMMISSIONER OF STATIONERY AND PRINTING, CHENNAI
ON BEHALF OF THE GOVERNMENT OF TAMIL NADU
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
January 23, 2024. 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 January 23, 2024. .
(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 January 24, 2024.
Method of Payment:
6. Successful bidders will make payments on January 24, 2024 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 January 24, 2024.
Date of Repayment:
8. The loan will be repaid at par on January 24, 2054.
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 July 24 and January 24.
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.