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REC Tax Free Bond Issue Open 3 Dec 12

REC has come out  with a Tax Free issue of Rs. 1000 Cr. with an option to retain over subscription upto Rs. 4500 Cr.



REC Tax Free Bond ISSUE Product DETAILS

Issue Opens
Monday, December 03, 2012
Issue Closes
Monday, December 10, 2012*
Issuer
Rural Electrification Corporation Limited
Issue Size
Public Issue of Rs. 1000 crores with right to retain oversubscription upto the Shelf Limit (i.e. upto Rs 4,500 crores)
Mimnimum Application Size
Face value of each Bond shall be Rs. 1,000/- and the minimum application size shall be for 5 bonds and in multiples of 1 Bond thereafter
Listing
BSE and NSE
Rating
“CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE, “IND AAA” by IRRPL
“[ICRA]AAA” by ICRA
Coupon Rates for Category-I, II, III & IV Applicants (% p.a)
7.22%
7.38%
Additional Coupon Rates for Category-IV Applicants (% p.a.)**
0.50%
0.50%
Aggregate Coupon Rates for Category-IV Applicants (% p.a.)**
7.72%
7.88%
Interest payment date
December 01, of every year.
Tenor
10 years
15 years
Face Value per Bond
Rs. 1,000/-
Frequency of Interest payment
Annual
Annual
Registrar
Karvy Computershare Private Limited
Mode of allotment
In dematerialised form as well as in physical form, at the option of Applicants.

*ALLOTMENT IS ON FIRST COME FIRST SERVE BASIS AND BIDDING OF THE FORM IS MANDATORY. 


Cheque/DD should be drawn in favour of   " REC Tax Free Bond 2012-13 Escrow Account - Tranche I"   & cross A/c Payee


Tax Benefits of the Bonds :

  •  No TDS deduction from the Interest
  • The Income by way of Interest on these Bonds is fully exempt from Income Tax
  • No Wealth Tax
  • No deduction from the total Income will be available for Invested Amount.


Document required for Physical Copy of NCD Certificate  (KYC):
  1. Self attested copy of Pan Card,
  2. Self attested copy of residence valid proof,
  3. Self attested copy of Cancelled cheque of the bank account to which the amount pertaining to payment of refunds, interest & redemption, as applicable, should be credited.

Call for Investment : Rajendra 8007750904 (Pune )
                                   rajendra@puneinvest.com

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