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Panaji, 8th February, 2018 (Magha 19, 1939)

SERIES I No. 45

Reg. No. G-2/RNP/GOA/32/2018-2020

RNI No. GOAENG/2002/6410

PUBLISHED BY AUTHORITY

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. 150.00 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

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. 5/2/2010/Fin

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

EXTRAORDINARY

(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 February 12, 2018.

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 February 12, 2018.

(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.

(b) The non-competitive bids shall be

submitted electronically on the Reserve

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 45

(EXTRAORDINARY)

8TH FEBRUARY, 2018

2114

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

February 14, 2018.

Method of Payment

6. Successful bidders will make payments

on February 14, 2018 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 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

February 14, 2018.

Date of Repayment

8. The loan will be repaid at par on

February 14, 2028.

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 August 14 and

February 14.

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, 8th February, 2018.

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