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Panaji, 6th January, 2017 (Pausa 16, 1938)

SERIES  I  No.  40

Reg. No. G-2/RNP/GOA/32/2015-2017

RNI No. GOAENG/2002/6410

PUBLISHED  BY  AUTHORITY

GOVERNMENT OF GOA

Department of Finance

Debt Management Division

__

Notification

5-3-2016-Fin(DMU)/Part

Government of Goa hereby notifies the sale

of Goa Government Stock (securities) of

10-year tenure for an aggregate amount of

Rs. 100.00 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. 5/2/2010-Fin

(DMU) dated July 18, 2007 of Government of

Goa.

Object of the Loan

(i) The proceeds of the loans will be utilized

for financing capital expenditure in connection

with the development programmes of the

Government of Goa.

(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

Suggestions are welcomed on e-mail: dirñ[email protected]

EXTRAORDINARY

(PDO) Fort, Mumbai–400 001 by auction in

the manner as prescribed in paragraph 6.1 of

the General Notification No. 5/2/2010/

/Fin (DMU) dated July 18, 2007 at a coupon

rate to be determined by the Reserve Bank of

India at the yield based auction under multiple

price format.

Allotment to Non-competitive Bidders

3. The Governments 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 January 10, 2017.

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 January 10, 2017.

(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

12.00 p.m.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 40

(EXTRAORDINARY)

6TH JANUARY, 2017

1788

(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

11.30 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 January 11,

2017.

Method of Payment

6. Successful bidders will make payments

on January 11, 2017 before close of banking

hours by means of cash, bankers’ cheque/pay

order, demand draft payable at Reserve Bank

of India, Mumbai or a cheque drawn on their

account with Reserve Bank of India, Mumbai

(Fort)/Mumbai.

Tenure

7. The stock will be of 10-year tenure. The

tenure of the Stock will commence on

January 11, 2017.

Date of Repayment

8. The loan will be repaid at par on

January 11, 2027.

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 July 11 and

January 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.

By order and in the name of the Governor

of Goa.

Daulat A. Hawaldar, Secretary (Finance).

Porvorim, 6th January, 2017.

www.goaprintingpress.gov.in

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Mahatma Gandhi Road, Panaji-Goa 403 001.

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