No. 205]
CHENNAI, MONDAY, MARCH 23, 2026
Panguni 9, Visuvaavasu, Thiruvalluvar Aandu-2057
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
[ 1 ]
Ex-II-1—(205)
©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2026
[Price: Rs. 2.40 Paise.
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, March 23, 2026
No. II(1)/FIN/5(j-1)/2026.
The following Notification is Published:-
NOTIFICATION
[No.941(L)/W&M-II/2026]
Government of Tamil Nadu hereby notifies the Re-issue of 6.92% Tamil Nadu SGS 2030, issued on
January 07, 2026 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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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. 860(L)/W&M-II/2025 dated November 17, 2025 at a coupon rate to be determined by the Reserve Bank of
India at the Price 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.
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 March 27, 2026. 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 March 27, 2026.
(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 March 30, 2026.
Method of Payment
6.
Successful bidders will make payments on March 30, 2026. 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 4-year tenure from the date of commencement on January 07, 2026.
Date of Repayment
8.
The loan will be repaid at par on January 07, 2030.
Rate of Interest
9.
Interest at the rate of 6.92% 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 July 07 and January 07.
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.942(L)/W&M-II/2026]
No. II(1)/FIN/5(j-2)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.31% Tamil Nadu SGS 2033, issued on
January 21, 2026 for an aggregate amount of Rs.1500 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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
No. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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 March 27, 2026. 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 March 27, 2026.
(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 March 30, 2026.
Method of Payment
6.
Successful bidders will make payments on March 30, 2026. 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 7-year tenure from the date of commencement on January 21, 2026.
Date of Repayment
8.
The loan will be repaid at par on January 21, 2033.
Rate of Interest
9.
Interest at the rate of 7.31% 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 July 21 and January 21.
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.943(L)/W&M-II/2026]
No. II(1)/FIN/5(j-3)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.18% Tamil Nadu SGS 2035, issued on March
12, 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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
4
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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 March 27, 2026. 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 March 27, 2026.
(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 March 30, 2026.
Method of Payment
6.
Successful bidders will make payments on March 30, 2026. 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 from the date of commencement on March 12, 2025.
Date of Repayment
8.
The loan will be repaid at par on March 12, 2035.
Rate of Interest
9.
Interest at the rate of 7.18% 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 September 12 and March 12.
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.944(L)/W&M-II/2026]
No. II(1)/FIN/5(j-4)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.58% Tamil Nadu SGS 2037, issued on
February 11, 2026 for an aggregate amount of Rs.1500 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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
5
(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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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 March 27, 2026. 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 March 27, 2026.
(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 March 30, 2026.
Method of Payment
6.
Successful bidders will make payments on March 30, 2026. 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 11-year tenure from the date of commencement on February 11, 2026.
Date of Repayment
8.
The loan will be repaid at par on February 11, 2037.
Rate of Interest
9.
Interest at the rate of 7.58% 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 August 11 and February 11.
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.945(L)/W&M-II/2026]
No. II(1)/FIN/5(j-5)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.52% Tamil Nadu SGS 2055, issued on
December 03, 2025 for an aggregate amount of Rs.1715 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. 860(L)/W&M-II/2025 dated November 17, 2025 of Government of Tamil Nadu.
6
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
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 Articl
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. 860(L)/W&M-II/2025 dated November 17, 2025 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.
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 March 27, 2026. 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 March 27, 2026.
(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 March 30, 2026.
Method of Payment
6.
Successful bidders will make payments on March 30, 2026. 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 from the date of commencement on December 03, 2025.
Date of Repayment
8.
The loan will be repaid at par on December 03, 2055.
Rate of Interest
9.
Interest at the rate of 7.58% 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 03 and December 03.
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,
Additional Chief 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