press note:repayment of 9.90% government stock, 2005

Thursday, March 17, 2005

The outstanding balance of 9.90 per cent Government Stock, 2005 is repayable at par on April 22, 2005 and no interest will accrue thereon from the said date.

In the event of a holiday being declared on April 22, 2005 by any State Government under the Negotiable Instruments Act, 1881, the Loan will be repaid by the paying offices in that State on the previous working day.

To facilitate repayment of the Government Stock on the due date, holders may tender the securities duly discharged at the Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India and its Associate Banks (at which they are enfaced/as also registered for payment of interest) 20 days in advance of the due date for repayment.

Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.

Department of Economic Affairs, Ministry of Finance New Delhi: Phalguna 26, 1926; March 17, 2005

BSC/BY/GN-154/05