No. 213]
CHENNAI, THURSDAY, MAY 8, 2025
Chithirai 25, 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: Rs.1.60 Paise.
[ 1 ]
Ex-II-1(213)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, May 8, 2025
No. II(1)/FIN/7(m-1)/2025.
The following Notification is Published:-
NOTIFICATION
[No.807(L)/W&M-II/2025]
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (securities) of
10-year tenure for an aggregate amount of ₹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
(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. 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.
2
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
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 May 13, 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 May 13, 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 May 14, 2025.
Method of Payment
6.
Successful bidders will make payments on May 14, 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-year tenure. The tenure of the Stock will commence on May 14, 2025.
Date of Repayment
8.
The loan will be repaid at par on May 14, 2035.
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 November 14 and May 14.
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.
NOTIFICATION
[No.808(L)/W&M-II/2025]
No. II(1)/FIN/7(m-2)/2025.
Government of Tamil Nadu hereby notifies the sale of Tamil Nadu Government Stock (securities) of 15-year
tenure for an aggregate amount of ₹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
(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.
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
Method of Issue
2.
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).
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 May 13, 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 May 13, 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 May 14, 2025.
Method of Payment
6.
Successful bidders will make payments on May 14, 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 15-year tenure. The tenure of the Stock will commence on May 14, 2025.
Date of Repayment
8. The loan will be repaid at par on May 14, 2040.
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 November 14 and May 14.
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.