Panaji, 3rd November, 2017 (Kartika 12, 1939) SERIES I No. 31 PUBLISHED BY AUTHORITY
EXTRAORDINARY
No. 2
GOVERNMENT OF GOA
Department of Finance
Debt Management Division __
Notification
5-4-2017-Fin(DMU)
Government of Goa hereby notifies the sale of Goa Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 200.00 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
1. (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
(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 formats.
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 (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 November 07, 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 November 07, 2017.
OFFICIAL GAZETTE — GOVT. OF GOA SERIES I No. 31 (EXTRAORDINARY No. 2) 3RD NOVEMBER, 2017(E-Kuber) system between 10.30 a.m. and 12.00 p.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 11.30 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 November 08, 2017.
Method of Payment
6. Successful bidders will make payments on November 08, 2017 before close of banking hours by means of cash, bankers' cheque/pay order, demand draft payable at Reserve Bank of India, Mumbai/Mumbai or a cheque drawn on their account with Reser ve Bank of India, Mumbai (Fort)/ /Mumbai.
Tenure
7. The stock will be of 10-year tenure. The tenure of the Stock will commence on November 08, 2017.
Date of Repayment
8. The loan will be repaid at par on
November 08, 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 May 08 and November 08.
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, 3rd November, 2017.
———— Revenue & Control Division — Corrigendum
1-49-2017-18/DSSL/Part/3651
Read: Notification No. 1-49-2017-18/DSSL/ /Part/3614 dated 26-10-2017, published in the Official Gazette (Extraordinary), Series I No. 30 dated 26-10-2017.
In the Notification dated 26-10-2017, read above, for the expression, "Rank 2: 5 Nos. of 4 digits will be drawn — common to all series."; the expression, "Rank 2: 5 Nos. of 4 digits with series will be drawn.", shall be substituted.
The other contents of the Notification dated 26-10-2017, read above, shall remain unchanged.
By order and in the name of the Governor
of Goa.
Sushama D. Kamat, Under Secretar y
(Finance).
Porvorim, 3rd November, 2017.
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