©
[Regd. No. TN/CCN/467/2012-14.
GOVERNMENT OF TAMIL NADU
[R. Dis. No. 197/2009.
2026
[Price: Rs. 1.60 Paise.
[1]
Ex-II-1—(354)
FINANCE DEPARTMENT
MARKET BORROWING PROGRAMME OF STATE GOVERNMENT BY AUCTION
Secretariat, August 20, 2026
No. II(1)/FIN/16(a-1)/2026.
The following Notification is Published:-
NOTIFICATION
[No.973(L)/W&M-II/2026]
Government of Tamil Nadu hereby notifies the Re-issue of 7.49% Tamil Nadu SGS 2036, issued on August 05,
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
(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.
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
No. 354]
CHENNAI, THURSDAY, AUGUST 20, 2026
Aavani 3, Parabhava, Thiruvalluvar Aandu–2057
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 August 25, 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 August 25, 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 August 27, 2026.
Method of Payment
6. Successful bidders will make payments on August 27, 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 August 05, 2026.
Date of Repayment
8. The loan will be repaid at par on August 05, 2036.
Rate of Interest
9. Interest at the rate of 7.49% 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 February 05 and August 05.
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.974(L)/W&M-II/2026]
No. II(1)/FIN/16(a-2)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.62% Tamil Nadu SGS 2041, issued on August 05,
2026 for an aggregate amount of Rs.500 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
(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.
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
3
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 August 25, 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 August 25, 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 August 27, 2026.
Method of Payment
6. Successful bidders will make payments on August 27, 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 15-year tenure from the date of commencement on August 05, 2026.
Date of Repayment
8. The loan will be repaid at par on August 05, 2041.
Rate of Interest
9. Interest at the rate of 7.62% 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 February 05 and August 05.
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.975(L)/W&M-II/2026]
No. II(1)/FIN/16(a-3)/2026.
Government of Tamil Nadu hereby notifies the Re-issue of 7.70% Tamil Nadu SGS 2051, issued on August 05,
2026 for an aggregate amount of Rs.500 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
(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.
4
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 August 25, 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 August 25, 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 August 27, 2026.
Method of Payment
6. Successful bidders will make payments on August 27, 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 25-year tenure from the date of commencement on August 05, 2026.
Date of Repayment
8. The loan will be repaid at par on August 05, 2051.
Rate of Interest
9. Interest at the rate of 7.70% 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 February 05 and August 05.
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)
M. A. SIDDIQUE,
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