Company Profile
* Notified as a Public Financial Institution under Section 4A of the Companies Act, 1956
* Engaged in the financing and promotion of transmission, distribution and generation including renewable energy projects throughout India
* REC is one of only 16 Indian public sector undertakings to be granted “Navratna” status by the Department of Public Enterprise by virtue of its operational efficiency and financial strength
* 66.80% shareholding in REC is held by Government of India acting through Ministry of Power
GoI has rated RECs performance as “Excellent” continuously since Fiscal 1994
* Registered as a Non Deposit taking NBFC with Reserve Bank of India. RBI has further categorized REC as an IFC (Infrastructure Finance Company)
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REC Tax Free Bond Details
| Issuer | Rural Electrification Corporation Limited |
|---|---|
| Instrument Nature | Tax-Free, Secured, Redeemable, Non-Convertible Bonds in the nature of Debentures |
| Issue Open | 30-Aug-13 |
| Issue Close | 23-Sep-13 |
| Issue Size (Rs) | Rs. 3500 Crores* |
| Face Value | Rs.1000 |
| Minimum Application Size | 5 Bonds (Rs.5000) and in Multiples of 1 Bond (Rs.1000) thereafter |
| Listing | BSE |
| Mode of Allotment | Dematerialised and Physical form |
| Rating | CARE AAA” by CARE “CRISIL AAA/ Stable” by CRISIL “ICRA AAA” by ICRA “IND AAA” by IRRPL (formerly Fitch Ratings India Pvt. Ltd) |
| Lead Managers: | A.K. Capital Services Limited, Axis Capital Ltd., ICICI Securities Limited, Edelweiss Financial Services Ltd |
| Trustee for the Bondholders | SBICAP Trustee Company Limited |
REC Tax Free Bond Series Details
| Series | Tranche I Series I | Tranche I Series II | Tranche I Series III |
|---|---|---|---|
| Redemption Amount | Repayment of the face value along with any interest that may have accrued at the | Repayment of the face value along with any interest that may have accrued at the | Repayment of the face value along with any interest that may have accrued at the |
| Interest Payment | Annual | Annual | Annual |
| Tenor | 10 Years | 15Years | 20 Years |
| Minimum Application | Rs. 5,000/- (5 Bonds) across all the series | Rs. 5,000/- (5 Bonds) across all the series | Rs. 5,000/- (5 Bonds) across all the series |
| In Multiple of | Rs.1,000 (1 BOND) | Rs.1,000 (1 BOND) | Rs.1,000 (1 BOND) |
| Put/Call Option | There is no pul/call option for the Bonds | There is no pul/call option for the Bonds | There is no pul/call option for the Bonds |
| Coupon Rate/Effective Yield for | 8.26% | 8.71% | 8.62% |
| Coupon Rate/Effective Yield For I, II ,III | 8.01% | 8.46% | 8.37% |
| Interest Payment Date | 1st December Every year | 1st December Every year | 1st December Every year |
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Important Information (Instruction)
Please take print of the Application Form A4 / A3 paper size.
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by you,
2] Bidding is mandatory.
3] Cheque / DD should be drawn in favour of “REC Tax Free Bonds 2013-Escrow Account – R”
4] On First come First Serve Basis
5] Keep photocopy of application form for your record.
6] Submit / deposit your NCD application form in Listed/ Design Bank Branches.
7] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
8] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
9] Free Home Service available *
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Who can apply / invest ?
1] Individual, 2] HUF, 3] Charitable Institute, 4] University, 5] Company, 6] Mutual Funds, 7] Firms, 8] Bank/Commercial RRB, 9] Co-operative, 10] NRI, 11] Financial Institute
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|
Profits & Dividend( in Crores ) |
|||
|
Years |
Profit Before Tax |
Profit After Tax |
Dividend % |
|
2012 |
3,792.86 |
2,817.09 |
740.59 |
|
2011 |
3,476.28 |
2,569.93 |
740.59 |
|
2010 |
2,647.11 |
2,001.42 |
603.21 |
|
2009 |
1,916.68 |
1,272.08 |
386.4 |
|
2008 |
1,311.36 |
860.15 |
257.6 |
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