REGD. NO. D L.-33004/98 The Gazette of India EXTRAORDINARY PART I—Section1 PUBLISHED BY AUTHORITY No. 12 ] NEW DELHI, MONDAY, JANUARY 18,1999/PAUSA 28,1920 152 GI/99 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC 1] MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) NOTIFICATION New Delhi, the 18th January, 1999 Sale of Government Stocks (Re-issuc) 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. 3,000 crore (Nominal), as per the subscription amount and other terms and conditions as specified hereunder. 3 Sr. Nomenclature Subscription No. Amount (Nominal (Rs. crore) 1. 12.40 per cent Government Stock, 2013 1,500 2 12 60 per cent Government Stock, 2018 1,500 Total 3,000 The sale will be subject to the terras 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, ] 997 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 Govern- ment Stocks, as per the limit of subscription as stipulated herein above 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-400 001. 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 18,1999. Date of Issue 6. The date of issue of Government Stocks will be January 18, 1999. Payment for the Stocks 7. Payment for the Stocks on January 18, 1999 by the Reserve Bank of India will include accrued interest on the nominal value of the Stocks applied for from the date of commencement of tenure of the Stocks. Tenure 8. The Stocks will be of fifteen and twenty year tenures commencing on August 20, 1998 and November 23, 1998 respectively. Interest 9 The Government Stocks will bear interest at rates as indicated below and will be paid half yearly on February 20 and August 20 and on May 23 and November 23 respectively. Sr Nomenclature Rate of interest per annum (per cent) No 1. 12.40 per cent Government Stock, 2013 12.40 2 12.60 per cent Government Stock, 2018 12.60 Date of Repayment 10. The Government Stocks will be repaid at par on dates as indicated below Sr. Nomenclature Date of Repayment No 1. 12.40 per cent Government Stock, 2013 August 20, 2013 2. 12.60 per cent Government Stock, 2018 November 23, 2018 Transfer ability of Government Stocks 11 Notwithstanding what is stated in paragraph 2 hereinabove, there will be no restriction on the transfer of the Government 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 J. S. MATHUR, Addl Secy. Printed by the Manager, Govt. of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published By the Controller of Publications, Delhi-110054