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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.
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