**Executive Summary:**
This notification from the Ministry of Finance, Department of Economic Affairs, announces the issuance of six new series of non-transferable Special Government of India (GoI) Securities maturing between 2029 and 2034. Only the Export-Import Bank of India (EXIM Bank) is eligible to subscribe to these securities. The date of issue is November 20, 2019, coinciding with the receipt of the subscription amount from EXIM Bank.
**Key Points / Main Content:**
* **Issuance of Special GoI Securities:**
* Six new series of non-transferable Special GoI Securities will be issued.
* Maturity dates range from 2029 to 2034.
* Interest rates vary from 6.45% to 6.60% depending on the security.
* The issue date is November 20, 2019.
* **Eligibility and Subscription:**
* Only EXIM Bank is eligible to subscribe.
* Subscription is limited to the amount specified in the annexure.
* The securities will be issued at par.
* **Form and Repayment:**
* Securities will be in stock form, held in EXIM Bank's Subsidiary General Ledger Account with the Reserve Bank of India, Mumbai.
* Repayable at par on the maturity date.
* Interest is payable half-yearly.
* **Transferability and Statutory Provisions:**
* Securities are non-transferable and non-convertible.
* Governed by the Government Securities Act, 2006 and Government Securities Rules, 2007.
* **Tax and Investment Eligibility:**
* Tax laws apply to the investment and interest.
* Investment by EXIM Bank is not considered eligible for statutory investment requirements.
**Impact Analysis:**
**Export-Import Bank of India (EXIM Bank):**
* *Impact:* EXIM Bank is the sole eligible subscriber to the Special GoI Securities, with specific allocation amounts for each security as detailed in the annexure.
* *Action Required:* EXIM Bank needs to subscribe to the securities by providing the subscription amount, with the date of issue coinciding with the receipt of this amount. They must also manage the securities within their Subsidiary General Ledger Account and be aware that this investment does not count towards mandatory government security investment requirements.
Key Entities Referenced
Ministry of Finance: The ministry responsible for this notification, specifically the Department of Economic Affairs.
Department of Economic Affairs: A department under the Ministry of Finance responsible for economic policies and programs.
Budget Division: A division within the Department of Economic Affairs, Ministry of Finance.
Export-Import Bank of India: Also referred to as EXIM Bank, the sole entity eligible to subscribe to the special securities mentioned in the notification.
Reserve Bank of India: The central bank of India, where the EXIM Bank's Subsidiary General Ledger Account is maintained.
Mumbai, Maharashtra: City in India where the Public Debt Office of Reserve Bank of India is located, where interest on the security is payable.
Government Securities Act, 2006: The governing act for the special security when matters are not explicitly covered in the notification.
Government Securities Rules, 2007: The rules framed under the Government Securities Act, 2006, that govern the special security.
REGD. NO. D. L.-33004/99
EXTRAORDINARY
I — 1
PART I—Section 1
PUBLISHED BY AUTHORITY
]
No. 364] NEW DELHI, THURSDAY, NOVEMBER 14, 2019/KARTIKA 23, 1941
वित्त मत्रं ालय
(आर्थकि कायिविभाग)
(बजटप्रभाग)
अविसचू ना
नईदिल्ली,14निम्बर,2019
(i) 6.45प्रवतशत(अहसतातं रणीय)विशषे भारतसरकारप्रवतभूवत,2029; (ii) 6.50प्रवतशत(अहसतातं रणीय)विशषे भारत
सरकारप्रवतभवू त,2030; (iii) 6.50प्रवतशत(अहसतातं रणीय)विशषे भारतसरकारप्रवतभूवत,2031; (iv) 6.55प्रवतशत
(अहसतातं रणीय) विशषे भारत सरकार प्रवतभवू त, 2032; (v) 6.55 प्रवतशत (अहसतातं रणीय) विशषे भारत सरकार
प्रवतभवू त,2033;तथा(vi) 6.60 प्रवतशत(अहसतातं रणीय)विशषे भारतसरकारप्रवतभवू त,2034का वनगमि न ।
फा. स.ं 4(5) (डब्लल्यू एंडएम)/2019.—भारतसरकार,दिनांक20 निम्बर, 2019 को (i) 6.45प्रवतशत
(अहसतांतरणीय) विशेष भारत सरकार प्रवतभूवत, 2029; (ii) 6.50 प्रवतशत (अहसतातं रणीय) विशेष भारत सरकार
प्रवतभूवत, 2030; (iii) 6.50 प्रवतशत (अहसतांतरणीय) विशेष भारत सरकार प्रवतभूवत, 2031; (iv) 6.55 प्रवतशत
(अहसतांतरणीय) विशेष भारत सरकार प्रवतभूवत, 2032; (v) 6.55 प्रवतशत (अहसतातं रणीय) विशेष भारत सरकार
प्रवतभूवत,2033;तथा(vi) 6.60 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत,2034 (इसकेपश्चातससंव्त
रूपस े ‘विशेषप्रवतभूवत’केरूपमेंउवल्लवितह)ै केवनगिमकोएतिद्वारा अविसूवचतकरतीह।ै
1.अवभिानकेवलएपात्रताऔरअवभिानकीसीमा:—
(i) इसकेअनबु िं में उवल्लवित केिल भारतीयवनयाितआयातबैंक (एवजजमबैंक)इनविशेषप्रवतभूवतयोंमेंअवभिानकरने के
वलएपात्रहोंगेतथाप्रवतभूवतयोंमेंउनकाअवभिानअनुबंिमेंिशािईगईरावशतकसीवमतरहगे ा ।
(ii)उपयुिजत अनुबंिमें उवल्लवित भारतीयवनयाितआयातबकैं (एवजजमबैंक) केअलािा,दकसीअन्यबैंक,कंपनी,कॉरपोरेशन
अथिादकसीअन्यवनकायसवहतकोईअन्य्यवि इनविशेषप्रवतभूवतयोंमेंअवभिानकरनेकेवलएपात्रनह होगा ।
5898 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
2.वनगमि मल्ू य एिंतारीि:—
(i) इनविशेषप्रवतभूवतयांएवजजम बैंकद्वारादकएगएआिेिनम ें इंवगतदकएगएअनुसार,सममूल्यरावशपरवनगिवमतकी
जाएंगी ।
(ii) इनविशेषप्रवतभूवतयोंके वनगिमकीतारीिएवजजमबैंकसेअवभिान रावशकीप्रावतकीतारीि होगी ।
3. प्रवतभवू तकासि रूप:-
इनविशेषप्रवतभूवतयोंकोलोकऋणकायािलय,भारतीयररजििबैंक,मुंबईम ें अनुरव्त एवजजमबैंककेअनषु ंगीआमबही
िातेमेंजमा करके ''सटॉक''केरूपमें वनगिवमतदकयाजाएगा ।
4. बयस ाजएिंचकु ौती:—
येविशेषप्रवतभूवतयां सममूल्यपरप्रत्यके प्रवतभूवतकेसंबंिमें इंवगतकीगईपररपजि ताकीतारी़ कोप्रवतिेय होंगी।विशेष
प्रवतभूवतयोंपरब्लयाजअिििार्षिकअतं रालपरिेयहोगा, जो प्रवतभूवतकेवनगिमनकीतारीिसेपररकवलतहोगा।प्रवतभूवत
परब्लयाजभारतीयररजििबैंकके मुंबईवसथत लोकऋणकायािलयमेंिेयहोगा ।
इनप्रवतभूवतयोंपरवनम्न वलवित ब्लयाजिरिेयहोगी:
क्रम पररपजि ता
प्रवतभूवत ब्लयाजिर
संख्या कीतारीि
1. 6.45 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत, 2029 6.45 प्रवतशत 20 निम्बर,2029
2. 6.50 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत,2030 6.50 प्रवतशत 20 निम्बर,2030
3. 6.50 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत,2031 6.50 प्रवतशत 20 निम्बर,2031
4. 6.55 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत,2032 6.55 प्रवतशत 20 निम्बर,2032
5. 6.55 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत, 2033 6.55 प्रवतशत 20 निम्बर,2033
6. 6.60 प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत, 2034 6.60 प्रवतशत 20 निम्बर,2034
ब्लयाज का भुगतान वनकटतम पणू ि रुपये में पणू ाांदकत करने के बाि दकया जाएगा। इस प्रयोजनाथ,ि
पचासपैसेसेकमरावशकीब्लयाजरावशकोनजरअंिाजदकयाजाएगाऔरपचासऔरउससेअविकपैसेकीब्लयाजरावशको
अगलेरुपयेमेंपणू ाांदकत दकयाजाएगा ।
5.हसत ातं रणीयताएिंपररितनि :—
यहविशषे प्रवतभवू तहसत ातं रणीयनह होगीतथाप्रवतभवू तकोदकसीभी अन्य रूपमें पररिर्तितकरने कीअनमु वत नह
होगी ।
6.सावं िविकप्राििान:—
जहां तकदकसीऐस े विषयकासबं िं ह,ै वजसकाइसअविसचू नाकेतहतप्राििाननह दकयागयाह,ै विशषे प्रवतभवू त
सरकारीप्रवतभूवतअविवनयम, 2006तथाउसकेतहतबनाईगईसरकारीप्रवतभवू तवनयमािली,2007द्वाराअवभशावसत
होगी।
7.करकाननू ोंकीप्रयोज्यता:—
विशेषप्रवतभूवतमें वनिेवशतरावशतथाउसपरिेयब्लयाजकामूल्यसमय-समयपरयथा प्रयोज्य करकानूनोंकेप्राििानोंके
अनुसारअवभशावसतदकयाजाएगा।
8. विशषे प्रवतभवू तमेंवनिशे कीपात्रता:—
एवजजमबैंकद्वाराविशेषप्रवतभूवत में दकएगए वनिेशकोएकपात्रवनिेशकेरूपमेंनह मानाजाएगाजोदक वनिेशकतािबैंक
परलागू दकन्ह सांविविकप्राििानोंअथिावनिेशोंकेअनुसरणमेंसरकारीप्रवतभूवतयोंमेंदकयाजानाअपेव्तहोताह ै।
भारतकेराष्टरपवतकेआिेशानसु ार,
रजतकुमारवमश्र, संयुजतसवचिI 1] 3
अनुबंि
(संिभिफा. सं. 4(5)-डब्लल्यूएंडएम/2019दिनांक14 निम्बर, 2019)
भारतीयवनयाितआयातबैंक (एवजजमबैंक) को(i) 6.45प्रवतशत(अहसतांतरणीय)विशेषभारतसरकारप्रवतभूवत,2029;
(ii) 6.50प्रवतशत(अहसतातं रणीय)विशेषभारतसरकारप्रवतभूवत,2030; (iii) 6.50प्रवतशत(अहसतांतरणीय)विशेष
भारतसरकारप्रवतभूवत,2031; (iv) 6.55प्रवतशत(अहसत ांतरणीय)विशेषभारतसरकारप्रवतभूवत,2032; (v) 6.55
प्रवतशत(अहसतातं रणीय)विशेषभारतसरकारप्रवतभूवत,2033;तथा(vi) 6.60 प्रवतशत(अहसत ांतरणीय)विशेषभारत
सरकारप्रवतभूवत,2034प्रवतभूवतयोंकाआबंटन ।
पररपजि तािष ि आबरं टतरावश
क्र.स.ं पात्रबकैं कानाम
2029 2030 2031 2032 2033 2034 (` करोड़)
1 95 91 91 91 91 91 550
भारतीयवनयाितआयातबैंक (एवजजमबैंक)
कुल 95 91 91 91 91 91 550
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 14th November, 2019
Issue of (i) 6.45 per cent (Non-transferable) Special Gol Security, 2029; (ii) 6.50 per cent (Non- transferable)
Special Gol Security 2030; (iii) 6.50 per cent (Non-transferable) Special Gol Security 2031; (iv) 6.55 per
cent (Non-transferable) Special Gol Security 2032; (v) 6.55 per cent (Non-transferable) Special Gol
Security 2033; and (vi) 6.60 per cent (Non- transferable) Special GoI Security 2034.
F. No. 4(5)-W&M/2019.—Government of India hereby notifies the issue of (i) 6.45 per cent (Non-transferable)
Special Gol Security, 2029; (ii) 6.50 per cent (Non- transferable) Special Gol Security 2030; (iii) 6.50 per cent
(Non-transferable) Special Gol Security 2031; (iv) 6.55 per cent (Non-transferable) Special Gol Security2032;
(v) 6.55 per cent (Non-transferable) Special Gol Security 2033; and (vi) 6.60 per cent (Non- transferable) Special GoI
Security 2034, (hereinafter briefly described as "the Special Security") on November 20, 2019.
1. Eligibility for Subscription and Limit of Subscription:
(i) Export-Import Bank of India (EXIM Bank) as referred to in the Annexure hereto shall only be eligible to subscribe to
the special securities and its subscription to the securities shall be limited to the extent of the amount, as shown in the
Annexure.
(ii) No other person, including any bank, company, corporation or any other body except the EXIM Bank as referred to
in aforesaid Annexure shall be eligible to subscribe to the special securities.
2. Price and Date of Issue:
(i) The special securities will be issued at par for the amount as per the application made by the EXIM bank.
(ii) The date of issue of the special securities will be the date of receipt of subscription amount from the EXIM bank.
3. Form of Security:
The special securities will be issued in the form of "Stock" to be held at credit of the EXIM Bank's Subsidiary General
Ledger Account maintained with Public Debt Office, Reserve Bank of India, Mumbai.
4. Interest and Repayment:
The special securities shall be repayable at par on the date of maturity as indicated against each security. Interest on
the special securities will be payable at half yearly intervals, reckoned from the date of issue of the security. Interest on
the security will be payable at Public Debt Office of Reserve Bank of India at Mumbai.
The following rate of interest will be payable on these securities:4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
Sl. Security Rate of Date of
No. Interest maturity
1.
6.45 per cent (Non-Transferrable) Special Gol Security 2029 6.45 per cent November 20, 2029
2.
6.50 per cent (Non-Transferrable) Special Gol Security 2030 6.50 per cent November 20, 2030
3.
6.50 per cent (Non-Transferrable) Special GoI Security 2031 6.50 per cent November 20, 2031
4.
6.55 per cent (Non-Transferrable) Special GoI Security 2032 6.55 per cent November 20, 2032
5.
6.55 per cent (Non-Transferrable) Special Gol Security 2033 6.55 per cent November 20, 2033
6.
6.60 per cent (Non-Transferrable) Special Gol Security 2034 6.60 per cent November 20, 2034
Interest will be paid after rounding off to the nearest whole rupee. For this purpose, amount of interest less than fifty
paise will be ignored and amount of fifty paise and more will be rounded off to the next rupee.
5. Transferability and Conversion:
The special security shall not be transferable and conversion in any other form of security shall not be permitted.
6. Statutory Provisions:
With respect to any such matter which has not been provided under this Notification, the special security shall be
governed by the Government Securities Act, 2006 and the Government Securities Rules, 2007 framed there under.
7. Applicability of Tax Laws:
The value of the investment in the special security and the interest payable thereon will be governed by the provisions of
tax laws as applicable from time to time.
8. Eligibility of Investment in Special Security:
The investment in the special security by the EXIM bank would not be considered as an eligible investment which it is
required to make in Government securities in pursuance of any statutory provisions or directions applicable to the
investing bank.
By Order of the President of India
RAJAT KUMAR, MISHRA, Jt. Secy.
Annexure
(Ref F. No. 4(5)-W&M/2019 dated November 14, 2019)
Allocation of Securities to EXIM Bank, (i) 6.45 per cent (Non-transferable) Special Gol Security, 2029; (ii) 6.50 per cent
(Non-transferable) Special Gol Security 2030; (iii) 6.50 per cent (Non-transferable) Special Gol Security 2031;
(iv) 6.55 per cent (Non-transferable) Special Gol Security 2032; (v) 6.55 per cent (Non-transferable) Special Gol
Security 2033; and (vi) 6.60 per cent (Non- transferable) Special GoI Security 2034.
Year of Maturity of the Security
Name of Eligible Amount Allocated
Sl.No.
Bank 2029 2030 2031 2032 2033 2034 ( ` crore)
1 Export-Import Bank of India (EXIM Bank) 95 91 91 91 91 91 550
Total 95 91 91 91 91 91 550
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and Published by the Controller of Publications, Delhi-110054.