REGD. NO. D.L.-33004/98 The Gazette of India EXTRAORDINARY PART I—Section 1 PUBLISHED BY AUTHORITY No. 26 ] NEW DELHI, FRIDAY, JANUARY 29,1999/MAGHA 9,1920 257 GI/99 (1) 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 3 MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) NOTIFICATION New Delhi, the 29th January, 1999 Sub: Sale of Government Stocks to Reserve Bank of India on private placement basis. No. 4 (4) W & M/98.—Government of India hereby notifies sale of the following two dated securities (hereinafter referred to as 'Government Stocks') for an aggregate amount of Rs. 5,000 crorc (Nominal), as per the subscription amount and other terms and conditions as specified hereunder. Sr. No. Nomenclature Subscription Amount (Nominal) (Rs. Crore) 1. 12.29 per cent Government Stock, 2010 3,000 2. 12.32 per cent Government Stock, 2011 2,000 Total 5,000 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. 4 (2)-W & M/97 dated 1st April, 1997 issued by Government of India. Eligibility for investment 2. Only the Reserve Bank of India (hereinafter referred to as 'the Bank') shall be eligible to subscribe to the Government Stocks, as per the limit of subscription as stipulated hereinabove against each of the two securities. Method of Issue 3. (i) Government Stocks will be allotted on private placement basis to the Reserve Bank of India alone. (ii) Government Stocks will be sold through Reserve Bank of India, Fort, Mumbai - 400001. Issue Price 4. Government Stocks will be issued at Rs. 100.00 per cent. Application 5. The application should be submitted by the Reserve Bank of India, at the aforesaid office on January 29, 1999. Date of Issue 6. The date of issue of Government Stocks will be January 29, 1999. Payment for the Stocks 7. Payment for the Stocks will be on January 29, 1999 by the Reserve Bank of India. Tenure 8. The Slocks will be of eleven and twelve year tenures commencing on January 29, 1999. Interest 9. The Government Stocks will bear interest at rates as indicated below and will be paid half yearly on July 29 and January 29. Sr. No. Nomenclature Rate of Interest per annum (per cent) 1. 12.29 per cent Government Stock, 2010 12,29 2. 12.32 per cent Government Stock 2011 12.32 Date of Repayment 10. The Government Stocks will be repaid at par on dates as indicated below ; Sr. No. Nomenclature Date of Repayment 1 12.29 per cent Government Stocks, 2010 January 29, 2010 2. 12.32 per cent Government Stock, 2011 January 29, 2011 Transferability of Government Stocks 11. Notwithstanding what is stated in paragraph 2 hereinabove, there will be no restriction on the transfer of the Govern- ment Stocks by the Reserve Bank of India in favour of any other person including banks, corporation or any other body and the transferee of such security would also be entitled to hold and transfer the same in such manner. By order of the President of India Printed by the Manager, Govt of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054