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. 357]
CHENNAI, WEDNESDAY, OCTOBER 30, 2024
Aippasi 13, Kurothi, Thiruvalluvar Aandu-2055
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. (357)
[ 1 ]
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, October 30, 2024.
NOTIFICATION
[No.751(L)/W&M-II/2024]
No. II(1)/FIN/27(g-1)/2024.
The following Notifi cation is published:—
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of
10-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 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
November 05, 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 November 05, 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 November 06, 2024.
Method of Payment:
6. Successful bidders will make payments on November 06, 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 10-year tenure. The tenure of the stock will commence on November 06, 2024.
Date of Repayment:
8. The loan will be repaid at par on November 06, 2034.
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 May 06 and November 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.
[No.752(L)/W&M-II/2024]
No. II(1)/FIN/27(g-2)/2024.
Government of Tamil Nadu hereby notifi es the sale of Tamil Nadu Government Stock (Securities) of
5-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 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).
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
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
November 05, 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 November 05, 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 November 06, 2024.
Method of Payment:
6. Successful bidders will make payments on November 06, 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 5 -year tenure. The tenure of the stock will commence on November 06, 2024.
Date of Repayment:
8. The loan will be repaid at par on November 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 May 06 and November 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)
T. UDHAYACHANDRAN,
Principal 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