1955
Panaji, 31st August, 2023 (Bhadra 9, 1945)
SERIES I No. 22
Reg. No. RNP/GOA/32/2021-2023
RNI No. GOAENG/2002/6410
PUBLISHED BY AUTHORITY
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GOVERNMENT OF GOA
Department of Finance
Debt Management Division
__
Notification
5-2-2023-Fin(DMU)
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. 1-45-2005/Fin
(DMU)/572 dated April 25, 2017 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. 1-45-2005/Fin
(DMU)/572 dated April 25, 2017 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 September 05, 2023.
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 September 05, 2023.
(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. to
11:30 a.m.
EXTRAORDINARY