MS-36: Andhra Pradesh State Financial Corporation (APSFC) - Government guarantee to A. P. State Financial Corporation for issuing the Non-Statutory Liquidity Ratio (SLR) Bonds of Rs. 200.00 Crore for a period of 10 years – Amendment - Orders – Issued.

GOVERNMENT OF ANDHRA PRADESH A B S T R A C T Andhra Pradesh State Financial Corporation (APSFC) - Government guarantee to A. P. State Financial Corporation for issuing the Non-Statutory Liquidity Ratio (SLR) Bonds of Rs. 200.00 Crore for a period of 10 years – Amendment - Orders – Issued. INDUSTRIES & COMMERCE (IF CELL) DEPARTMENT G.O. Ms. No:- 36 Dated:14.02.2012. Read the following:- 1) G.O. Ms. No.240, Ind. & Com. (IF Cell) Dep, dt.21.11.2009. 2) G.O. Ms. No. 31, Ind. & Com. (IF Cell) Dep, dt. 08.04.2011. 3) From the MD, A.P. State Financial Corporation, Hyderabad, Lr. No. SFC/F&A/KVS/2011-12, dt. 14.09.2011. 4) G.O. Ms. No. 112, Ind. & Com. (IF Cell) Dep, dt. 09.11.2011. 5) From the MD, A.P. State Financial Corporation, Hyderabad, Lr. No. AFC/F&A/KVS/2011-12, dt. 16.11.2011. **** O R D E R: In the G.O. 2nd read above, Government have issued orders fixing the interest @ 8.50% p.a. in respect of Non-Statutory Liquidity Ratio Bonds to be floated by the A.P. State Financial Corporation for a sum of Rs. 200 Crores (Rupees Two hundred crores only) and repayable over a period of 10 years. 2. In the reference 5th read above, the Managing Director, Andhra Pradesh State Financial Corporation, Hyderabad has informed that in view of the series of hikes made by the Reserve Bank of India in the policy rates, the rate of interest on bonds in the market has gone up and funds are available in the range of 9.5% to 10% depending on the timing and the number of issues available in the market for subscription. He has therefore requested the Government to modify the G.O. 2nd read above similar to the G.O. 1st read above wherein the rate of interest was not mentioned. 3. In the circumstances reported by the Managing Director, Andhra Pradesh State Financial Corporation, Hyderabad in the reference 5th read above, Government after careful examination of the matter, hereby issue the following amendment to G.O. Ms. No. 31, dt. 08.04.2011 read with G.O. Ms. No. 112, dt. 09.11.2011:- Amendment “In para 2 of G.O. Ms. No. 31, Ind. & Com. (IF Cell) Dept., dt. 08.04.2011, the words “Carrying interest @ 8.50% p.a” are hereby deleted”. 4. The Managing Director, Andhra Pradesh State Financial Corporation, Hyderabad shall take further necessary action in the matter accordingly. 5. This order issues with the concurrence of Finance (DCM-II) Department, vide their UO No. 12034/ 398/DCM-II/11, Dt. 08.12.2011. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) T.S. APPA RAO PRINCIPAL SECRETARY TO GOVERNMENT & CIP To The Managing Director, A.P. State Financial Corporation, Hyderabad. The Accountant General, AP, Hyderabad. The Reserve Bank of India, Hyderabad. (P.T.O)-2- Copy to:- The Finance (DCM-II) Department. The Finance (Exp. I&C) Department. The GA(Cabinet) Department. The Spl. Secy. to C.M. The PS to Min. (MI, Sugar& C&EP). The PS to Prl. Secy. to Government & CIP, Industries & Commerce Department. //FORWARED: : BY ORDER// SECTION OFFICER