No. 415]
CHENNAI, THURSDAY, DECEMBER 19, 2024
Margazhi 4, 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
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. 2.40 Paise.
[ 1 ]
Ex-II-1(415)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, December 19, 2024.
No. II(1)/FIN/34(a-1)/2024.
The following Notification is published:—
NOTIFICATION
[No.763(L)/W&M-II/2024]
Government of Tamil Nadu hereby notifies 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 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
2
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
December 24, 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 December 24, 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 December 26, 2024.
Method of Payment:
6. Successful bidders will make payments on December 26, 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 December 26, 2024.
Date of Repayment:
8. The loan will be repaid at par on December 26, 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 June 26 and December 26.
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/34(a-2)/2024.
[No.764(L)/W&M-II/2024]
Government of Tamil Nadu hereby notifies 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 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
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
December 24, 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 December 24, 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 December 26, 2024.
Method of Payment:
6. Successful bidders will make payments on December 26, 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 December 26, 2024.
Date of Repayment:
8. The loan will be repaid at par on December 26, 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 June 26 and December 26.
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/34(a-3)/2024.
[No.765(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.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.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
4
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
December 24, 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 December 24, 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 December 26, 2024.
Method of Payment:
6. Successful bidders will make payments on December 26, 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 December 26, 2024.
Date of Repayment:
8. The loan will be repaid at par on December 26, 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 June 26 and December 26.
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/34(a-4)/2024.
[No.766(L)/W&M-II/2024]
Government of Tamil Nadu hereby notifies the Reissue of 7.10% TNSGS 2054 issued on
December 18, 2024 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).
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
5
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 December 24, 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 December 24, 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 December 26, 2024.
Method of Payment:
6. Successful bidders will make payments on December 26, 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 December 18, 2024.
Date of Repayment:
8. The loan will be repaid at par on December 18, 2054.
Rate of Interest:
9. Interest at the rate of 7.10% 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 June 18 and December 18.
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