No. 171]

CHENNAI, THURSDAY, APRIL 17,  2025

Chithirai 4, Visuvaavasu, Thiruvalluvar Aandu-2056

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.

2025

[Price: Re.0.80 Paise.

[ 1 ]

Ex-II-1(171)

FINANCE DEPARTMENT

MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION

Secretariat, April 17, 2025

The following Notification is Published:-

NOTIFICATION

[No.803(L)/W&M-II/2025]

No. II(1)/FIN/7(g)/2025.

Government of Tamil Nadu hereby notifies Reissue of 6.71% TNSGS 2035 issued on April 16, 2025 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.

TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY

2

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 April 22, 2025. 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 April 22, 2025.

(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 April 23, 2025.

Method of Payment:

6. Successful bidders will make payments on April 23, 2025 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 years tenure. The tenure of the stock will commence on April 16, 2025.

Date of Repayment:

8. The loan will be repaid at par on April 16, 2035.

Rate of Interest:

9. Interest at the rate of 6.71% 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 October 16 and April 16.

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